The Norwalk Agreement
A) Sets forth fundamental objectives and concepts used in developing future standards of financial reporting.
B) Formalized the FASB's and IASB's commitment to convergence of U.S.GAAP and international standards.
C) Facilitates cross-border cooperation, reduces global systemic risk, protects investors, and ensures fair and efficient markets.
D) All of the choices are correct regarding the Norwalk Agreement.
Correct Answer:
Verified
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