Question: As mentioned in Chapter 1, the project on business combinations was the first of several joint projects undertaken with the FASB and the IASB in

As mentioned in Chapter 1, the project on business combinations was the first of several joint projects undertaken with the FASB and the IASB in their move to converge standards globally.
Nonetheless, complete convergence has not yet occurred, and there are those who believe it to be a poor idea. Discuss the reasons for and against global convergence.

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