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    Intermediate Accounting Study Set 2
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    Exam 1: Environment and Theoretical Structure of Financial Accounting
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    In the Norwalk Agreement, the FASB and IASB Pledged To
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In the Norwalk Agreement, the FASB and IASB Pledged To

Question 146

Question 146

Multiple Choice

In the Norwalk Agreement, the FASB and IASB pledged to:


A) Combine their organizations to form the BUSYB.
B) Make progress on specific MOU projects.
C) Achieve convergence by the year 2015.
D) Remove existing differences between their standards.

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