Is this paragraph correct? (due in 30 mins so please help!)?

The FASB and the IASB are attempting to issue a revised proposal to revamp the rules on revenue recognition. This article demonstrates that it would simplify and align the booking of revenue with the transfers of products and services that generate it. Revenue recognition we learned in class is a very complex matter and many steps must be considered in determining when and how to count revenue after a sale. Revenue recognition is a big area in which fraud is looked at, with the junction of the two rules, perhaps analyzing other countries revenues would be more trouble-free. For that reason, by doing this overhaul it is a key part of the two accounting boards' "convergence" attempt to bring U.S. and global accounting rules closer together.