Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status of the FASB Codification Project?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter13: Direct Foreign Investment
Section: Chapter Questions
Problem 14QA
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Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status of the FASB Codification Project?

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