Do you think enough progress has been made in convergence

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Reference no: EM133501567

Topic 2: requires you to evaluate the convergence process between IFRS and US GAAP on financial reporting

Question: In October 2002, the FASB and the International Accounting Standards Board (IASB) announced the issuance of a memorandum of understanding ("Norwalk Agreement"), marking a significant step toward formalizing their commitment to the convergence of U.S. and international accounting standards. Review this document. Do you think enough progress has been made in the convergence process? Substantiate your answer with relevant examples of the success of/shortcomings of convergence process
You MUST use primarily authoritative, scholarly reference sources in addition to your text as support for your discussion posts.

Reference no: EM133501567

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