Comment on the impact on U.S. GAAP if the short-term convergence and the major topics are completed.

Question:

Comment on the impact on U.S. if the short-term convergence and the major topics are completed.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...