2. The Financial Accounting Standards Board (FASB) sets the accounting rules for public companies in the United States. These accounting rules are known as Generally Accepted Accounting Standards (GAAP). The International Accounting Standards Boards (IASB) proposes international accounting rules. These rules are known as International Financial Reporting Standards (IFRS). There has been considerable discussion concerning the possibility that the United States would replace GAAP with IFRS. Accordingly, do you think the United States should replace GAAP with IFRS? Do you believe that IFRS will ever be an universally accepted set of accounting rules in the world? Please feel free to search the internet to support your position.