Will there ever be one set of global accounting standards

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Reference no: EM131253565

1-In your opinion, will there ever be one set of global accounting standards? Why or why not?

2-Do you think that the U.S. will completely convert its standards to IFRS? If so, when? If not, why not?

3-In the U.S., the IASB and IFRS have been working together on existing frameworks to provide a basis for developing future standards.

*Access the IFRS Website or some other authoritative source to get information. Briefly describe the progress that the IASB and IFRS have made on the various phases to date.

Reference no: EM131253565

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