Date: May 1, 2014

Issue: FIRCA


Filing Type: FIRCA

Description: FIRCA looks forward to continuing our efforts to work with the IASB and FASB to achieve our goals of robust accounting standards that reflect the economic activity of business operations in the furtherance of efficient and fair global capital markets. While convergence is a goal that should be attained, it must be done through the crucible of due process that will ensure high quality accounting standards. A failure to achieve a high quality accounting standard will guarantee that a converged standard will not meet the needs of investors and issuers and will make the global capital markets less efficient.

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