name and briefly describe accounting standards that are the same between the US GAAP and IFRS?

Convergence Can you name and briefly describe accounting standards that are the same between the US GAAP and IFRS? Have you heard of the convergence project? If so, what have you heard? Further for DQ 1 week2 If there is no enforcement authority of the International Standards, can one rely on the information prepared using them? Why or why not?

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