Editing Financial Accounting Standards Board (section)

=== International standard setting comparability ===
The FASB participated in an international conference on global accounting standards in 1991, ''The Objectives and Concepts Underlying Financial Reporting'', co-sponsored by the International Accounting Standards Committee and the Fédération des Experts Comptables Européens.<ref name="Cairns">{{cite SSRN |last1=Cairns|first1=David|title=The Conceptual Framework - The International Experience|date=2001|ssrn=2379002}}</ref>

Two years later, the FASB participated in the formation of the G4+1, a group of international standard setters. Its members included the United States, Australia, the United Kingdom, Canada, and New Zealand.<ref name="Cairns" /> In August 1994 the group released a special report, ''Future Events: A Conceptual Study of their Significance for Recognition and Measurement''.<ref name="Johnson">{{cite web|last1=Johnson|first1=L. Todd|title=Future Events: A Conceptual Study of Their Significance for Recognition and Measurement|url=http://www.fasb.org/timeline/timeline-assets/assets/downloads/1991_fasb-special-report_fin.pdf#view=Fit|access-date=1 November 2017}}</ref>

In 1999, the FASB issued ''International Accounting Standard Setting: A Vision for the Future'', a report which acknowledged the rapid changes taking place in the international accounting standard setting environment, and that convergence and development of high-quality international standards are coinciding goals.<ref name="IASS">{{cite book|last1=Financial Accounting Standards Board|title=International Accounting Standard Setting: A Vision for the Future|date=1999|publisher=FASB|location=Norwalk}}</ref>