By WebCPA Staff: Nine trade groups representing the financial, insurance, banking, real estate and other industries have united to create a coalition with the goal of influencing accounting standard-setters who are working on revising the rules for financial instruments.
The new coalition, known as the Financial Instruments Reporting and Convergence Alliance, or FIRCA, aims to influence the ongoing convergence efforts of the Financial Accounting Standards Board and the International Accounting Standards Board, and their efforts to address the financial crisis.
Read complete article Trade Groups Aim to Influence Accounting Standards
Source: WebCPA, 22 June 2009. © 2009 Accountants Media Group and SourceMedia, Inc. All rights reserved.