Which of the following is TRUE regarding the convergence between US GAAP and IFRS?

A. The main justification for IFRS and US GAAP convergence was a drastic difference between two standards in all of the transactions

B. Convergence will be achieved when the differences in the way GAAP and IFRS account for and report transactions are eliminated.

C. Convergence will be achieved when IFRS and US GAAP will be completely eliminated and instead the new, superior quality single globally accepted accounting standard will be set up.

D. While convergence is not attainable in the nearest future, the goal to keep US GAAP and IFRS as comparable as possible is still in the FASB and IASB agenda.