ACC 541 Week 1 Individual Assignment Accounting Standards Boards PaperThe International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently working on a joint venture referred to as the convergence project.Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper:A brief history of the relationship between the two boards and the IASB equivalents of the FASB original pronouncementsAn explanation of how the MSA program prepares the student for a professional life within the accounting vocationFormat your paper consistent with APA guidelines.