The Norwalk agreement refers to:
A) The commitment of the U.S. and European Union to adopt one set of accounting standards
B) The commitment of FASB and the International Accounting Standards Board (IASB) to adopt one set of accounting standards
C) The commitment of FASB and IASB to the convergence of U.S. GAAP and international accounting standards
D) The agreement that ended World War II
Correct Answer:
Verified
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