1. The FASB's Conceptual Framework does all except Identify the goals and purpose of accounting. Provide definitions of accounting concepts and principles. Provide the Accounting Standards Codification. Provide guidance in establishing accounting standards. 2. Which of the following establish the authoritative guidance on how U.S. companies should account for and report specific transactions, events, and arrangements in their financial statements? Accounting standards in GAAP. Accounting standards in IASB. FASB's Statements of Financial Accounting Concepts. All of these choices