It is written in kaplan that ,"sir david tweedie has already stated that there will not be convergence for the sake of convergence by the issue of a set of lowest common denominator accounting standards". what does it mean?
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set of lowest common denominator accounting standards,what does it mean?
14y ago#1It means that the IASB and the FASB are not simply going to identify where there are exact similarities and produce a "Converged Standard" restricted to those common ( denominators ) areas.
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