This post addresses the IASB FASB convergence issues.
Not what you're looking for?
Discuss how influential you believe the IASB is over FASB.
Discuss whether or not you support the U.S. adopting International Financial Reporting Standards for publicly traded companies.
Purchase this Solution
Solution Summary
The solution provides a detailed examination of how influential the IASB is over the FASB and also discusses whether or not the U.S. adopting International Financial Reporting Standards for publically traded companies should be supported.
Solution Preview
Discuss how influential you believe the IASB is over FASB.
In my opinion, the IASB has more power than the FASB because the IASB has more control over the international accounting standards, fields, and international community, than the FASB. Because the FASB has a smaller scope of authority as far as who they're authorized to oversee, it gives the IASB the upper hand. Also, because there have been convergence agreements to convert to IFRS, the U.S. has given the IASB a certain degree of influence that would otherwise be non-existent. This would be true with any type of agreement situation. Someone wouldn't likely agree to doing something the way that someone else does, ...
Purchase this Solution
Free BrainMass Quizzes
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.