Sir David Tweedie, chairman of the International Accounting Standards Board, is once quoted as saying that the IASB and the FASB will eventually merge. "U.S. standards and ours will become so close that it will be senseless having two boards, and they will merge eventually. Ultimately, it doesn't make sense having two standard setters producing the same standards." Required: 1. Go to the Web sites of the International Accounting Standards Board 2. Why is so much attention paid to convergence between International Financial Reporting Standards (IFRS) and U.S. GAAP and not to convergence between IFRS and other national accounting standards?