What body has the primary responsibility for establishing GAAP in the United States?
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What body has the primary responsibility for establishing GAAP in the United States?
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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