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Convergence
Follow progress of convergence efforts between the U.S. Financial Accounting Standards Board and the International Accounting Standards Board. Links to the most current work plans of the standard setters are provided below, in addition to progress reports from standard setters, frequently asked questions on exposure drafts and other resources to help you keep track of accounting convergence.
IASB Workplan
The timetable shows the current best estimate of document publication dates. The effective date of amendments and new standards is usually 6-18 months after publication date, although in setting an effective date the Board considers all relevant factors. In appropriate circumstances, early adoption of new standards will be allowed. Links to individual project pages are provided on the Work Plan section of IASB website. (IASB.org)
FASB Technical Plan
The U.S. Financial Accounting Standards Board provides a schedule to help its constituents monitor the progress of and plan for their involvement in the Board’s standard setting activities. The schedule provides a current estimate of the publication dates of due process documents expected to be issued in the next 6 quarters. Links to individual project pages are provided in this section of the FASB’s website. (FASB.org)
Progress Report
Progress Report on Commitment to Convergence of Accounting Standards and a Single Set of High Quality Global Accounting Standards This is the standard setters’ fourth progress report on their work plan. Download report (PDF).