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The IASB is currently under similar pressure as it considers the same issue.
The IASB is working on the recognition and measurement of intangibles, as is FASB.
Standards issued by the IASB are supposed to be endorsed without modification.
The IASB will soon publish a draft proposal for a global standard on stock-option accounting.
But the IASB and FASB think it is open to abuse.
The IASB now says that this is fair enough.In this section Profit huggers Softening The end of mutuality?
Although the IASB may lay down any rules it likes, it has no power to enforce them.
The IASB and the IFAC signed an agreement in November to encourage harmonisation between public- and private-sector accounting standards.
Eleventh-hour negotiations between European lobbyists and the IASB are in full swing.In this section Which is the victim?
At the same time, the IASB set out to harmonise its standards with America's Financial Accounting Standards Board FASBB).
Sir David Tweedie, head of the IASB, warned last week that the newcomers would struggle with IAS.
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