IFRS newsletter - English - September 2008

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IFRS newsletter - English - September 2008

Quick march! This is the rate that the IASB and FASB have adopted if we are to believe the new convergence schedule. Indeed, the end of several current IASB members’ mandates in 2011 is a good reason for stepping up progress. Indeed, the ambition to finish such a project is legitimate and understandable.

IFRS newsletter cover - english
In practice, the IASB will publish almost 40 texts between now and 2011, which is an average of almost one a month! Is convergence at all costs in such a short timeframe reasonable? Isn’t the standard-setters’ objective rather to keep comments to a minimum by applying a “rapid fire” policy?

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IFRS newsletter - English - September 2008
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