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Describe the standard setting environment for the U.S. GAAP, i.e. who sets it and how. Also explain the organizational structure of FAF, FASB and GASB,
Describe the standard setting environment for the U.S. GAAP, i.e. who sets it and how. Also explain the organizational structure of FAF, FASB and GASB, and who else has influence on the standard setting process.
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