Main differences between U.S. GAAP and IFRS.

paper should address and include discussions/analysis of the following:

• Define the process of harmonization and the goals of harmonization;
• The International Accounting Standards Board's (IASB) role in the harmonization process;
• The Financial Accounting Standards Board's (FASB) role in the harmonization process;
• The Securities and Exchange Commissions (S.E.C.) role in the harmonization process;
• Discuss any future plans these organizations have for addressing differences between FASB standards and IFRS standards?

10 pp