Can You please help with completing the assignment for me in 2 hours? I will pay as much as $15-$20.

For this assignment, below, you will find some articles to serve as background information into the discussion surrounding GAAP converging with IFRS. However, additional research is warranted to fulfill the task of answering the Chair's specific questions.

Briefly, the US uses a different accounting system than its international counterparts.For more than a decade, the SEC has been waffling toward its commitment to converge US GAAP with IFRS. That is, at times, it appears inevitable that change for US accounting practices will ensue. At other times, it appears that one global standard is more of an ideal than a potential reality. Yet, much progress, compromise, and change have resulted over the last dozen years.

As a new staffer of the SEC, your charge is to research the current events surrounding this topic area. As you research, determine the following:

1.What are the major/primaryspecificdifferences between IFRS and GAAP reporting today? That is, if the US were to adopt IFRS "as is," what will FASB need to change about GAAP'scurrent practices and accounting treatments? Be specific.

2.With some progress made in providing uniformity between the two standards setting bodies, is it even necessary to teach and/or focus on the differences today?

The document is written to the new SEC Chair, offering your findings.You must use at least THREE current sources (since 2015), and cite properly using either APA or CMS style guides. All writing guidelines and the fatal flaw policy apply. Please don't upload the document and rather email it to me via personal email.