In the Final Communique issued today at the close of the G20 Finance Ministers and Central Bank Governors meeting which took place at the IMF in Washington, DC, the group called upon the IASB and FASB to complete their major convergence standards by the boards' stated goal of mid-2013 'at the latest' - to achieve a single set of high quality accounting standards.
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China recently approved changes to its policy for accepting a much greater volume of cross-border payments in its home currency (vs. U.S. dollars). Learn more about this and other economic developments in doing business with China, in an April 24 webcast featuring Alfred Nader of Western Union.
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Earlier today, the FAF released its 2011 annual report and 2012 budget.
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In its upcoming ED on disclosure of liquidity and interest rate risk, FASB decided to focus on quantitative rather than qualitative disclosures at this time.
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Fact or Fairytale? You decide - after hearing from and discussing with peers what leading experts have to say about the 2012 political and economic scene and more at FEI's 2012 Summit Leadership Conference, May 20-22 at Disney's Contemporary Resort in Orlando, FL.
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