The Financial Accounting Standards Board voted Wednesday to reorganize its future agenda to focus more closely on the issues most important to FASB stakeholders, as it anticipates completion of its remaining four convergence projects for harmonizing U.S. GAAP with International Financial Reporting Standards.

At the meeting, the board also discussed several research projects as part of its prioritization initiative. During Wednesday’s meeting, FASB considered changes not only in its own agenda, but also that of FASB’s Emerging Issues Task Force, or EITF.

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