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Explain what the International Accounting Standards Board (IASB) / Financial Accounting Standards Board (FASB) roadmap for convergence to International Financial Reporting Standards (IFRS) was set

  • Explain what the International Accounting Standards Board (IASB) / Financial Accounting Standards Board (FASB) roadmap for convergence to International Financial Reporting Standards (IFRS) was set up to accomplish.
  • Describe at least 1 project that is being explored with regard to the roadmap, and provide details about the objective and status of the project at this time.

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