International Accounting Standards Board chairman Hans Hoogervorst told attendees at a financial conference in Mexico City that the board plans to give accountants a period of relative stability to give them time to adjust to all the new standards.

He noted that the IASB is approaching the completion of its convergence program with the Financial Accounting Standards Board in the U.S. “It is 10 years since the boards set out on this path, and a great deal has been achieved,” he said in a speech Wednesday. “We have four remaining convergence projects to complete and I am hopeful that we can complete this work in relatively short order.”

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