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Since 2002,the FASB and the International Accounting Standards Board (IASB)have

Question 3

Multiple Choice

Since 2002,the FASB and the International Accounting Standards Board (IASB) have been working to merge U.S.GAAP with international financial reporting standards (IFRS) .Which of the following terms is used to describe this process?


A) merger
B) integration
C) convergence
D) unification

Correct Answer:

verifed

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