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US GAAP vs IFRS. DO NOT GIVE FACTS! Express your opinion on the the issue of...

US GAAP vs IFRS. DO NOT GIVE FACTS! Express your opinion on the the issue of whether the US should adopt IFRS and supporty your opinion with reasons and pros and cons of adoption. If you like, please read the first two sections of "IFRS 2018 Interpretation and application of International financial reporting standards" in order to answer the question. Thank you

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I Think Adopting IFRS would have really useful that have it's operations in more than one country as IFRS has acceptability in more than one country and the investor or other users of financial statements especially when they want to Convey in other country as it is widely accepted across the world and some people in US is also aware of it.

However for Small and middle size organisations especially which is permitted it's operations only may have it's costs may exceed benefits if the ends users of such financial statements are people of US most of them may not be very comfortable with it and needs Financial statements prepare on basis of US GAAP.

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