Question: please do not use handwriting please do not use handwriting Q1. The accounting standards are set by specific Organizations depends on the country location and

please do not use handwriting

Q1. The accounting standards are set by specific Organizations depends on the country location and regulations. You are asked to answer the following questions:

What are the developing US Financial Accounting Standards Organizations with each organization responsibilities? Please write one paragraph. )
What are the processes of setting a new accounting standard in the USA? Please write one paragraph.

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