The International Accounting Standards Board (IASB) is always working on new projects. Navigate to the IASB's website and locate the current projects. Select one of the current projects and read through the information presented on the website. Briefly discuss what you learned about the project with your classmates. In your post, describe the project, the accounting issues, and what the IASB is doing to deal with the accounting issue. Identify why you feel this project is important to defining international standards.

Please respond in 2 or more paragraphs and cite references