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Accounting History and FASB Codification 4. The first unit of the course illustrates the dynamics of the standard-setting process in the United States with many

Accounting History and FASB Codification

4. The first unit of the course illustrates the dynamics of the standard-setting process in the United States with many groups and individuals voicing their opinions of proposed standards.

a. Is this voicing of opinions desirable?

b. Is there a point where it becomes desirable?

c. How do you think the standard-setting process can be expedited but still allow interested individuals to give input?

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