Which organizationthe Securities and Exchange Commission, the American Institute of Certified Public Accountants, or the Financial Accounting

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Which organization—the Securities and Exchange Commission, the American Institute of Certified Public Accountants, or the Financial Accounting Standards Board—has federal gov- ernment authority to set accounting standards and reporting requirements? Some people have argued that all accounting rule making should be done by the federal government. Do you agree? Why or why not?

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Muhammad Salman Alvi

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