(Answered) Provide a detailed history of the convergence project

Accounting

Provide a detailed history of the convergence project between US GAAP and IFRS.

Discuss in detail the major differences between US GAAP and IFRS applications.

Provide a list of countries that have adopted IFRS and how cultural differences can impact interpretation of IFRS.

Please discuss in detail various methods of translating foreign currency financial statements.

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