Write a convergence memo (500-750 words) to the client discussing the current state of convergence between IFRS and U.S. GAAP on revenue recognition. You may use the "Memo Template" provided. In your memo, be sure to address the following: Locate recently completed convergence projects. Using one of the recent projects completed, describe the similarities and differences in accounting under the international standards and the FASB standards. Discuss how the new standard will impact companies who use GAAP. Using the ARP company you chose in Topic 1, review the notes to the financial statements to determine if these standards have been adopted by that company and incorporated in the financial reports. If so, discuss any impact the company indicates is a direct result of conformity with the new standard. You must integrate at least two academic sources, in addition to the AICPA website and the IFRS website, in your discussion.