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Q1. The accounting standards are set by specific Organizations depends on the country location and regulations. You are asked to answer the following questions: a-

Q1. The accounting standards are set by specific Organizations depends on the country location and regulations. You are asked to answer the following questions: a- What are the developing US Financial Accounting Standards Organizations with each organization responsibilities? Please write one paragraph. b- What are the processes of setting a new accounting standard in the USA? Please write one paragraph.

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