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answering the following questions regarding Financial Accounting and Accounting Standards A: Name the parties involved in the development of Generally Accepted Accounting Principles (GAAP) in

answering the following questions regarding Financial Accounting and Accounting Standards

A: Name the parties involved in the development of Generally Accepted Accounting Principles (GAAP) in the United States.

B: Give a brief history of each group.

C: Discuss what role each group plays.

D: The impact of that role, in the standard setting process.

E: Comment on the due process used to establish GAAP.

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