accounting regulatory bodies paper

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Issue:

Business

 

Written by:

Judy M

 

Date added:

October 23, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 459

 

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3317 times

 

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Essay content:

The standards improve the assessment of government's accountability and the effectiveness of the economic, political, and social consequences of the allocation and various uses of federal resources. Another body is the Financial Accounting Standards Board: Their website states: "The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information...
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An organization complies with the standards of this body by following the standards of the FASB. In addition there is also a Government Accounting Standards Board. Their website states: The mission of the Governmental Accounting Standards Board is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports" (http://www...
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