FASB and IASB current convergence
Explain the relationship between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). References to be used: 1. http://www.journalofaccountancy.com/news/20125579.htm 2. http://www.accountingtoday.com/news/FASB-Revises-Proposed-Changes-Financial-Instruments-Accounting-Sta