Assignment: Convergence of U.S. GAAP & IFRS
There have been numerous discussions on the need to converge U.S. Generally Accepted Accounting Principles (GAAP) accounting standards with International Financial Reporting Standards (IFRS). Using the CSU-Global Library or other peer-reviewed sources, research this topic and address the following prompts:
1. Describe the pros and cons of convergence between GAAP and IFRS.
2. Provide recommendations on whether you agree or disagree on the proposal.
3. Support answers by stating primary reasons for your conclusion.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.