Discussion
Part 1
Please respond the following question no less then 350 words (original work, no plagiarism, 1 reference "gaap versus ifrs reporting requirements" please respond to the following:
• Assess how the gaap and ifrs convergence project has impacted sec reporting requirements, predicting the long-term impact of the convergence on reporting. Provide a rationale for your prediction.
• Evaluate the challenges for u.s. public companies to fully adopt ifrs and propose solutions to these challenges. Provide support for your recommendations.
Part 2 please generate an answer for the discussion that i will provide via massage (this discussion is from a only student that i have to reply back no less than 250 words) please focus on sothing good of the discussion and add some additional information)(original work, no plagiarism, 1 reference)