IFAC recommends actions to achieve standards convergence.

• Position: IFAC News - International Federation of Accountants - Brief Article

A recent study commissioned by the Board of the International Federation of Accountants identifies the following challenges, among others, to adopting and implementing International Financial Reporting Standards and International Standards on Auditing:

* Developing standards that are capable of translation and establishing processes that facilitate high quality translations of the standard to effectively accommodate non-native English speakers;

* Frequency, volume and...