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Which of the following is not a likely step to furthering convergence of FASB and IFRS?...

Which of the following is not a likely step to furthering convergence of FASB and IFRS?

Multiple Choice

  • FASB adopting an existing IASB Standard.

  • IASB adopting an existing FASB standard.

  • FASB and IASB issuing an identical standard.

  • FASB working with IASB to develop a new standard.

  • Realizing that identical standards, rather than similar standards, is not realistic.

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