ACC 541 Week 1 Individual Assignment Accounting Standards Boards Paper

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently working on a joint venture referred to as the convergence project. Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper: ·A brief history of the relationship between the two boards and the IASB equivalents of the FASB original pronouncements ·An explanation of how the MSA program prepares the student for a professional life within the accounting vocation Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.