Problem:
Judgement Case: Consider the question of whether the United States should converge accounting standards with IFRS.
Required:
Question 1: Make a list of arguments that favor convergence
Question 2: Make a list of arguments that favor nonconvergence
Question 3: Indicate your own conclusion regarding whether the United States should converge with IFRS, and indicate the primary considerations that determined your conclusion.
Note: Provide support for rationale.