Question: The FASB is organized to establish generally accepted accounting principles. It is assisted by various groups and operates under a set of procedures. Required: Prepare

The FASB is organized to establish generally accepted accounting principles. It is assisted by various groups and operates under a set of procedures.
Required:
Prepare a short written report that summarizes the structure, operating procedures, and pronouncements of the FASB.

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The Financial Accounting Foundation is the parent organization of the FASB It is governed by a 14 to 18member Board of Trustees appointed from the memberships of eight organizations the AICPA Financia... View full answer

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