FASB og IFRS skal forsøke å lage felles konseptuelt rammeverk

FASB er under politisk press for tilordne seg IAS. De starter derfor et felles prosjekt med IASB for å definere et felles konseptuelt rammeverk for finansiell rapportering.

At their joint meeting in April 2004, the IASB and the FASB agreed that such
a project should be undertaken jointly, that is, that the Boards would work together to develop a single, complete, and internally consistent conceptual framework that would be used by both Boards.

Men, siden det her er snakk om å gi fra seg retten til å definere hva som er "god regnskapsskikk", forlanger de, i hht sin ny empiriedoktrine og gjøree det på sine premisser:

In undertaking that project, the FASB would complete and refine its existing framework rather than comprehensively reconsider all components of that framework.

Se hele svaret i PDF dokumentet kalt FASB Response to SEC Study on the Adoption of a Principles-Based Accounting System.