Describe the current status of the convergence process between FASB (USA) and IASB.

visit www.sec.gov or any other FASB and IFRS related website and provide:

  1. The current status of the convergence process between FASB (USA) and IASB.
  2. The list of countries that have adopted IFRS with their legal systems in those countries as shown below:

 

Your assignment should be a single MSWord document of 1-2 pages. Be sure to label each section clearly. For written answers, please make sure your responses are well-written, use the CSU-Global Guide to Writing and APA Requirements, and have the proper citations, if needed

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