Question: Briefly explain how the financial statement preparers, users, and other interested parties are involved in the standard setting process for U.S. GAAP. Referring to the

Briefly explain how the financial statement preparers, users, and other interested parties are involved in the standard setting process for U.S. GAAP. Referring to the Forbes article The only three reasons entrepreneurs need accounting and finance (Links to an external site.)Links to an external site.", explain how the need to measure progress is satisfied by GAAP and the process used to derive GAAP.

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