ACCT567 Standard Setting Bodies Discussions

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ACCT567 Standard Setting Bodies Discussions
Discuss some of the major differences between GASB and FASB when it comes…

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ACCT567 Standard Setting Bodies Discussions

ACCT567 Standard Setting Bodies Discussions

Week 1 All Students Posts 55 Pages

Discuss some of the major differences between GASB and FASB when it comes to setting accounting standards. Can you identify these accounting standards setting bodies and the organizations for which they set accounting standards? Do a little research on the internet to find out where the organizations are located, how many members are on the board and whether they are elected or who appoints them. How long have they been in existence and what is their history? How were standards set before the boards were established? What process is involved in setting a new standard and what are some current areas of research for the boards?…