Setting the standard - What you need to know about the FASB and IASB's joint projects

The March 2011 edition of the PricewaterhouseCoopers (PwC) publication, Setting the Standard, is designed to keep readers informed about the most recent developments on the joint standard-setting activities of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). In the December 2010 edition, PwC reported that the boards had recalibrated their work plan to focus on the priority projects. The boards continue their sprint toward the targeted June 30, 2011 “finish line,” carefully navigating the hurdles along the way.