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Article: What's the FASB doing about international accounting standards? (Financial Accounting Standards Board)
- Article from:
- Financial Executive
- Article date:
- May 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Financial Executives Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What's the FASB doing about international accounting standards?
What does the FASB think about financial reporting standards that span the globe? The Board's chairman says their development is "clearly impossible" for the near term, but that doesn't mean you shouldn't be preparing. With the globalization of financial markets, international accounting standards have been propelled into the spotlight. But the global market is a myth, according to Jack Ruffle, vice chairman of J. P. Morgan & Co. and president of the Financial Accounting Foundation. "What we have," he said in a speech last year at the University of Chicago's Graduate School of Business, "is the global ...