US GAAP and IFRS convergence 3 pages

project: using at least two sources, with one being the PWC site, please prepare a brief 3 page discussion on where the US is on the timeline to adopt IFRS or to at least meet a convergence in principle. The PWC site discusses some of the areas of completed or ongoing joint IASB/FASB projects to meet convergence. (the PWC site has a section if you google PWC US GAAP and IFRS convergence: go to IFRS and US GAAP similarities and differences)

Please discuss the timeline today and at least one of the joint projects. The best source is the PWC article and publication at the website

Requirements: Double spaced and word processed, 3 pages, discuss the time line for converging or adoption and current status, discuss at least one of the joint projects (either completed or still ongoing), be sure to edit the paper, -1 per editing error

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