Describe Convergence of US GAAP and IFRS

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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.

Reference no: EM132449772

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