Which of the statements is false regarding global vantage

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Problem 1: Which of the following statements is false regarding the global vantage point of fair value measurement?

Option 1: IFRS 13 "Fair Value Measurement" is not in agreement with U.S. GAAP.
Option 2: ASC Topic 820 provides fair value guidance for companies, investors, and company auditors.
Option 3: The FASB and the IASB worked together on a joint convergence project for fair value measurement and disclosure.
Option 4: The FASB revised ASC 820-10 to make the U.S. fair value disclosure rules more consistent with IFRS.

Reference no: EM132996206

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