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On Monday, the Financial Crisis Advisory Group (FCAG) released a letter to the chairman of the G-20 (G-20) regarding the progress made by the FCAG towards convergence of the accounting standards set forth by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) as recommended by the FCAG in its July 28, 2009 report
On Wednesday, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued a joint statement with respect to the progress made to date towards convergence of U.S. and international accounting standards
