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Converging standards.

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| December 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. 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)Copyright

(From Financial Director)

The US accountancy body FASB and the IASB have issued a memorandum of "understanding", which is considered a step towards a formal commitment to the convergence of US GAAP and international accounting standards. The ...

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