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Essay Details:
Essay text:
Source: http://www.gasb.org/
FASB:
The mission of the Financial Accounting Standards Board 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. Source: http://www.fasb.org/
Similarities & Differences:
Both boards share the following objectives:
1. To be objective in its decision making and to ensure, insofar as possible, the neutrality of information resulting from its standards.
2. To weigh carefully the views of its constituents in developing concepts and standards...
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