Question: The project for developing the current standards for earnings per share reporting was the first major project in which the FASB and the IASB collaborated

The project for developing the current standards for earnings per share reporting was the first major project in which the FASB and the IASB collaborated in a formal way. Of course, now the FASB and the IASB have a very formal joint program to increase the international harmonization of accounting standards.
In two pages or less, address the following question: Why is it important for the FASB to work with the IASB to harmonize International Accounting Standards?

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