PROJECT 2 IASB Current Project Research For this assignment, you will look closely at the International Accounting Standards Board TASB) current projects. Visit the IASB website (http://www.iasb.org/home.htm). Go to the "Projects' tab at the top and click on "Work plan for IFRS", then go to Current Areas of Focus. Select one of the project and summarize it. Answer the following questions. 1. How does your selected project differ from the U.S. Generally Accepted Accounting Principles (GAAP)? 2. What are the concerns under review by the IASB for the project selected? 3. What have been some of the conclusions reached by the IASB committee? 4. Do you think the final outcome will change significantly from the U.S. GAAP? Why or why not