Review the sections on international accounting (IFRS) (See pages9, 10, 59, 184, 267, 339, 376, 431, 489, 556, 568, 571, 668, 701.Discuss the major similarities and differences between U.S. GAAPand IFRS. Which of the differences do you find most interesting? Ifthere is a convergence between U.S. GAAP and IFRS, would you choosethe U.S. GAAP or IFRS method? Why?