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Overview of the Financial Accounting Standards Board’s (FASB) goals and mission. Discuss the predecessor to FASB, the Accounting Principles Board (APB), and the principle reasons for creating a new rule-making body. DIscuss the FASB’s regulatory relationship with the SEC in standard setting.
Has to be factual and concise. References least at end of each paragraph and throughout if need be. Length long enough to do the above with answer. Whether 1-2 pages.

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