GOOD IDEAS HAVE NO BORDERS: Representatives of the International Accounting Standards Board (IASB) and the FASB met in Norwalk recently for a joint education meeting to share updates and insights on their respective agenda projects. The meeting included discussions about intangible assets, statement of cash flows, post-implementation reviews of the revenue recognition and leases standards, and other priority areas for stakeholders in the U.S. and around the world. We thank IASB Chair Andreas Barckow and his IASB colleagues for engaging with the FASB to exchange ideas and best practices to develop financial accounting and reporting standards that provide investors and other financial statement users with information they'll use to make capital allocation decisions.
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