Tag Archives: IFRSFCL1

NASBA Responds to $3 Million FAF Contribution

February 18, 2014 NASBA has been following the U.S. GAAP/IFRS debate for a number of years and has consistently taken a position supporting disciplined convergence, respecting that the Financial Accounting Standards Board (FASB) should continue to be responsible for accounting standard setting in the United States. In late January, the Financial Accounting Foundation (FAF) issued…

Response to Roadmap for the Potential Use of Financial Statements 2/19/09

February 19, 2009 NASBA’s comments to the Securities and Exchange Commission (SEC or Commission) on the “Roadmap For The Potential Use Of Financial Statements Prepared In Accordance With International Financial Reporting Standards By U.S. Issuers.” The response discusses the continuing need for the FASB, jurisdictional differences, providing guidance, need for independence, loss of sovereign power,…