FASB Chairman Robert Herz spoke about the convergence process and the goal of a single set of high-quality, global, financial reporting standards at the 29th SEC and Financial Reporting Institute Conference, held in early June at the University of Southern California.
Chairman Herz's speech touched on many facets of the process, including the need for working efficiently while maintaining adequate due process. He addressed the need for--and resistance to--change at the scale currently underway and the FASB's continuing efforts toward high-quality standards for private and not-for-profit organizations.
You can download the complete text of Chairman Herz's remarks here. |
