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Wednesday 03 September 2014

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IASB and FASB update on convergence strategy



24 June 2010 - The IASB and the FASB provided a  progress report on commitment to convergence towards a single set of high quality Global Accounting Standards. In this context, the IASB reaffirmed its commitment to publish an ED on Insurance Contracts in Q3. The FASB The FASB plans to decide in July the best means for obtaining stakeholder input on the IASB proposal (for example, by publishing it as an Exposure Draft or in some other way).