Accounting Essay

Essay Question: Accounting rule making in the United States has been moving toward harmonization with
International Accounting Standards for a decade and has targeted 2010 as the point of finalization of the
migration. What significant changes have been made to U.S. GAAP over the past decade to move closer to
IAS and what remains? Do you see these changes as positive and an improvement in the financial reporting of
public companies in the U.S.? This must be a thorough analysis covering all significant areas of accounting
practice and reporting. Standard writing rubric applies to this essay question.