ACC 616 TOPIC 5 DQ 1

Go to the IFRS website (http://www.ifrs.com/convergence_landing.html) and read about the Convergence efforts. Discuss the current state of the convergence efforts followed by your opinion on whether or not the US should convert from GAAP to IFRS. Provide examples in your post to support your for or against postion regarding convergence. Try to choose information that has not yet been posted by another student. In your responses, identify the similarities and differences between the information provided in your post and the post of your classmate.