Fatigue Setting in for Accounting Standard-Setters

Credit rating agency Fitch Ratings said in a new report that it expects the U.S. will still move forward with plans to incorporate International Financial Reporting Standards into U.S. GAAP, but in a “prolonged, cautious and incremental way.”

The agency said Wednesday it believes a renewed emphasis on issuing converged, “high quality” accounting standards and the need to re-expose updated proposals for comments has significantly slowed down the completion of many accounting projects jointly initiated by