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the FASB is currently recognized as the private sector body responsible for the establishment of us accounting standards. these standards are important to a wide
the FASB is currently recognized as the private sector body responsible for the establishment of us accounting standards. these standards are important to a wide variety of financial statement users; those users dondon't always agree on which financial accounting standards should be adopted. because the FASB's standards impact so many companies and individuals what does FASB do in its standard setting pricesprocess to increase the likelihood that itit's standards will be generally accepted?
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