What is international convergence?

Convergence means that two or more things rally. International convergence means that if two or more countries are together on some issues such as the financial concerns. It is designed to corresponding international convergence of globalisation of uniform standards. In general there financial reporting standards. With their financial, investor information, countries practice society comparisons.ExampleThe benefit from international financial reporting standards is used by more than 100 countries. It operates under the international accounting standards Board, an organization based in London. These standards does not use the United States. Change the standards generally accepted accounting principles too expensive for the industry, the US Securities and the Commission, Council of institutional Investors.PlansThe will have voted for a transition to the system of the IASB. In 2014, the switch by American standards with international standards should be supervised the switch by American standards with international standards.