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The designated private sector organization in the U.S. that establishes financial accounting and reporting standards. FASB standards are recognized as authoritative by the U.S. Securities and Exchange Commission and the American Institute of Certified Public Accountants.
Working to establish and improve standards of US state and local governmental accounting and financial reporting that will result in useful information for users of financial reports.
Includes information on the profession of accounting as well as qualifications and regulations, firms, conventions, accounting standards, and related topics.
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