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What Was the "Norwalk Agreement

Question 50

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What was the "Norwalk Agreement?"


A) A pledge between the Financial Accounting Standards Board in the U.S. and the IASB to make their reporting standards compatible.
B) A concession by the Financial Accounting Standards Board in the U.S. to adopt IFRS as soon as possible.
C) It is a treaty between the United States and the European Union to make their accounting standards converge.
D) It was an agreement signed in Norwalk, Connecticut in 2002 to make English the official language of the IASB.

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