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Essay

Ethical and Legal Obligations

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Issue:

Business

 

Written by:

Mary G

 

Date added:

November 22, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1190

 

Was viewed:

3243 times

 

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Essay content:

FASB has been recognized as the designated organization in the private sector for establishing standards of financial accounting and reporting. They are officially recognized by Securities Exchange Commission as being authoritative. The council at present consists of 30 members who are broadly representative of preparers, auditors and users of financial information...
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They are officially recognized by Securities Exchange Commission as being authoritative. The council at present consists of 30 members who are broadly representative of preparers, auditors and users of financial information. The standards "govern the preparation of financial reports and are essential to the efficient functioning of the economy because investors, creditors, auditors, and others may rely on credible, transparent and comparable financial information" (valuebasedmanagement...
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