Financial Accounting Standards Board chair Leslie Seidman is planning for a multilateral way of working with the International Accounting Standards Board in the future, even as her term approaches an end next year.
In an interview Thursday at the Accounting Today offices, Seidman talked about the status of FASB’s decade-long convergence efforts with the IASB and how the two standard-setters will be working together with other accounting organizations even after the memorandum of understanding they signed in 2002 in Norwalk, Conn., known as the Norwalk Agreement, expires. Overall she characterized the 10-year convergence effort as a success.
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