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Article: The Financial Accounting Standards Board and the China Accounting Standards Committee Sign Memorandum of Understanding.
- Article from:
- Business Wire
- Article date:
- April 28, 2008
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NORWALK, Conn. -- The Financial Accounting Standards Board (FASB) and the China Accounting Standards Committee (CASC) have issued a Memorandum of Understanding (MOU) articulating their commitment to strengthen cooperation and communication between the two standards-setting organizations. FASB Chairman Robert Herz and Liu Yuting, member of the CASC and Director-General of the Accounting Regulatory Department of the Ministry of Finance, signed the MOU at an April 18th meeting held at the FASB headquarters in Norwalk, Connecticut.
Attended by members and staff representing both the FASB and the CASC, the meeting was intended to facilitate dialogue between the U.S. ...