You are required to visit both the FASB and IFRS websites and review the current year’s plans… 1 answer below »

You are required to visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current year’s plans of both organizations with regard to standards-setting and updates to current standards.

Keep in mind that the information gathered in this assignment will be used in Research Paper – Part 2 (due in Module 7).

You should summarize at least 4 issues from each website. The paper should be no more than 7 single-spaced pages in length, including cover and reference pages. Margins should be 1 inch, with font 12 in either Times New Roman or Arial.