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    Comparison of FASB and IASB

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    Compare and contrast FASB and IASB and the work they do. Thanks for getting me started here. :)

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    The Financial Accounting Standards Board (FASB) is a privately held non-profit firm whose main objective is the development of generally accepted accounting principles (GAAP) as used within the United States. As mandated by the Securities and ...

    Solution Summary

    This solution compares and contrasts the U.S. based Financial Accounting Standards Board (FASB) with the U.K. based International Accounting Standards Board (IASB). Additionally, the solution provides two references for further research on these two accounting standards boards.