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Several accounting regulatory bodies exist, and each of them plays an important role in accounting and the effects that accounting has on an organization. The primary goal of these regulatory bodies is to establish a set of rules and regulations to help improve the financial accounting standards of an organization. To name a few of accounting bodies, they are the Securities and Exchange Commission, the Financial Accounting Standards Board, the Government Accounting Standards Board, and the International Accounting Standards Board. The bodies mentioned will inform others of how organizations comply with the standards of the regulation the bodies enforce...
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