Project Summary: Complete the following problems from your textbook: Chapter 3: Problem 3-3, Case 3-8 Chapter 4: Problem 4-4, Case 4-1 Directions for Submitting Your Assignment Put your Assignment in a Word document and save it in a location with a name that you will remember and that includes your name. Submit your Assignment to the Dropbox. Choose Unit 2: Assignment from the Dropbox and submit the Word document. Assignment 2: Using the Kaplan Library and resources conduct research and write a 3-4 page paper addressing the following questions: Where does the U.S. stand with International Financial Reporting Standards (IFRS) today? Will the U.S. adhere to IFRS? Explain. What are the major significant differences between U.S. Generally Accepted Accounting Principles (GAAP) and IFRS? What are the advantages and disadvantages to U.S. companies in adhering to IFRS standards?