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10. The American Institute of CPAs: A) had committees that produced generally accepted accounting principles before the FASB was formed. B) is a professional organization

10. The American Institute of CPAs: A) had committees that produced generally accepted accounting principles before the FASB was formed. B) is a professional organization for accountants in the United States. C) produces auditing standards for non-issuers, through its committee, the Auditing Standards Board. D) None of the above is true. E) All of the above are true.

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