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Securities Fraud

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Written by:

Elba C


Date added:

October 29, 2015








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8 / 2084


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According to Wikipedia, “financial accounting is one branch of accounting and historically has involved processes by which financial information about a business is recorded, classified, summarized, interpreted, and communicated” (www.en.wikipedia.org). The Financial Accounting Standards Board (FASB) is the major organization whose primary purpose is to develop Generally Accepted Accounting Principles (GAAP) in the United States...
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The FASB is a non-governmental body, whose mission 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.” (www.fasb.org). The FASB created qualitative characteristics of accounting information to facilitate interpretation...
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