What has caused the failure to converge IFRS and GAAP? Culture, gender, and demographics play a big role in the failure of convergence according to the articles I found. Gender has always had an impact on industries around the world but one industry we cannot afford to have bias or favoritism in is accounting. Businesses, investors, and citizens of the community rely heavily on the honesty and unbiased opinion of companies they give their money to. With the controversy over these two practices going on there is less and less reliability success in them. With the gender role it is obvious men have always been favored over women and the FASB have proved that, there has only been two women members since 1973. Even though this problem may seem
