International Accounting Standards Board chairman Hans Hoogervorst said the U.S. Financial Accounting Standards Board is not likely to face obstacles in joining the new multinational Accounting Standards Advisory Forum that is being set up to provide input to the IASB on setting future accounting standards, even though the Securities and Exchange Commission has not formally committed to supporting International Financial Reporting Standards.
During a conference Thursday at the offices of the New York Society of Security Analysts, Hoogervorst appeared alongside FASB chair Leslie Seidman and an SEC official, Jenifer Minke-Girard, senior associate chief accountant in the SEC’s Office of the Chief Accountant, in a discussion moderated by former FASB chairman Robert Herz.
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