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IAS Will Change U.S. Accounting Rules

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But he does voice some skepticism as to both the timing and the scope of the project, agreeing when asked if he thought Tweedie's timeframe "ambitious."

"But that's a personal view," Finkston was quick to add.

Until he sees the proposals, he'll defer judgement on Tweedie's call for more-general and less-lengthy standards.

"First, we would like to see the 60 pages that cover 80 percent of the situations," he notes.

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The Great Debate


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