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The body that has been established to recommend accounting and financial reporting standards for the federal government is the Multiple Choice Federal Accounting Foundation

  1. The body that has been established to recommend accounting and financial reporting standards for the federal 

The body that has been established to recommend accounting and financial reporting standards for the federal government is the Multiple Choice Federal Accounting Foundation (FAF). Federal Accounting Standards Advisory Board (FASAB) Financial Accounting Standards Board (FASB). Governmental Accounting Standards Board (GASB)

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