What is the latest on the convergence of IFRS and GAAP At least 2 paragraphs. Thank you.

What is the latest on the convergence of IFRS and GAAPAt least 2 paragraphs. Thank you.

Question:What is the latest on the convergence of IFRS and GAAP?Solution:IFRS (International Financial Reporting Standards) are adopted by the InternationalAccounting Standards Board (IASB). UA…