Paranjoy Guha Thakurta is director of the School of Convergence at the International Management Institute in Delhi.

BBC: NEWS | South Asia | Fierce divisions on India's VAT

The convergence between crime and international terrorism lies at the heart of the global war on terror, requiring a new approach if we are to defeat a determined and ruthless adversary.

CENTERFORSECURITYPOLICY: Policing in an Age of Terror: Prevention is Best

Meanwhile, participants for the United Nations Framework Convention on Climate Change prepared for meetings in Bonn, grappling with a convergence of new data from the International Energy Agency suggesting that humanity will be unable to prevent temperatures from exceeding the catastrophic threshold of a 2 degree Centigrade increase across the planet.

FORBES: One Week on Earth

On Tuesday, the SEC hosts a long-planned forum to discuss its "road map" for the convergence of U.S. and international accounting standards.

FORBES: Going Global With Accounting

She called for a convergence of U.S. and international accounting standards.

FORBES: Schapiro Virtually Addresses CFA Institute

But the SEC also admits to another reason for convergence of U.S. and international standards: nearly 100 other countries, including those within the European Union, are either currently using international standards or are in the process of converging with them.

FORBES: Going Global With Accounting

Summary: Although convergence between US generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) has been the subject of much debate and collaborative effort, it is still unclear when the US Securities and Exchange Commission (SEC) will make a determination about how to proceed, or what its final decision is likely to be.

FORBES: Finance

The prospects and desirability of convergence between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) have been much debated, but the SEC has not yet decided whether and how to proceed.

FORBES: U.S. Exceptionalism and Accounting Standards: Investors' Viewpoint