1-In your opinion, will there ever be one set of global accounting standards? Why or why not?
2-Do you think that the U.S. will completely convert its standards to IFRS? If so, when? If not, why not?
3-In the U.S., the IASB and IFRS have been working together on existing frameworks to provide a basis for developing future standards.
*Access the IFRS Website or some other authoritative source to get information. Briefly describe the progress that the IASB and IFRS have made on the various phases to date.