Since the FASB is independent from the AICPA, the latter is no longer concerned with standard setting
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This is not true the AICPA is still interested in standard setting Its members must understan...View the full answer
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Related Book For 
Accounting Theory Conceptual Issues in a Political and Economic Environment
ISBN: 978-1412991698
8th edition
Authors: Harry Wolk, James Dodd, John Rozycki
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