reply to Trends toward the two systems' convergence It has gained more attention in recent years, in part due to the growing globalization of the global economy and in part because many large international corporations now report under either US GAAP, IFRS, or, in certain situations, both. For the latter in particular, having to be bilingual in terms of financial reporting is costly and might be confusing. As such, it is sense to minimize, if not completely eliminate, the differences between the two frameworks (Du et al., 2016). The accounting diversity community is impacted by such initiatives. Accounting professionals, investors, stock markets, business management, and those who establish accounting standards are all significantly impacted by the convergence of GAAP and IFRS