the main similarities and the differences between US GAAP and IFRS regarding the consolidation of financial statements.

1. Brief description of the history (development) of the consolidation standards (GAAP and IFRS).
2. Brief description of the requirements of the latest consolidation standards (GAAP and IFRS).
3. Analyze the similarities and differences between the latest consolidation standards (GAAP and IFRS).
4. Describe the consequences of the differences between US GAAP and IFRS and any attempts for convergence of the standards.
5. Only online sources