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FASB Finalizes Improvements to Recognition and Measurement of Certain Financial Instruments
Posted by Brendan Donovan on Fri, Mar 18, 2016 @ 10:00 AM

The Financial Accounting Standards Board (FASB) completed its project on the classification and measurement of financial instruments with the release of Accounting Standards Update (ASU) 2016-01, Financial Instruments- Overall (Topic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities. The project began as one of the significant convergence projects with the International Accounting Standards Board (IASB), however, differences between the two Boards has resulted in accounting standards for financial instruments that are not converged in many respects.

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Topics: audit, Brendan Donovan, FASB, Financial Accounting Standards Board, Financial Instruments

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