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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1761 |
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It also will help the public to understand the nature and limitations of information supplied by financial reporting (FASB, par. 6, 2005).
The FASB is part of a structure that is independent of all other business and professional organizations. Before the present structure was created, financial accounting and reporting standards were established first by the Committee on Accounting Procedure of the American Institute of Certified Public Accountants (1936?1959) and then by the Accounting Principles Board, also a part of the AICPA (1959?73)...
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6, 2005).
The FASB is part of a structure that is independent of all other business and professional organizations. Before the present structure was created, financial accounting and reporting standards were established first by the Committee on Accounting Procedure of the American Institute of Certified Public Accountants (1936?1959) and then by the Accounting Principles Board, also a part of the AICPA (1959?73)...
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