Solution-Identify the committees of the aicpa

Identify the committees of the aicpa

Assignment Help Cost Accounting

Reference no: EM13537912

One of the major groups involved in the standard-setting process is the American Institute of Certified Public Accountants. Initially, it was the primary organization that established accounting principles in the United States. Subsequently, it relinquished its power to the FASB.

Instructions

(a) Identify the two committees of the AICPA that established accounting principles prior to the establishment of the FASB.

(b) Speculate as to why these two organizations failed. In your answer, identify steps the FASB has taken to avoid failure.

Reference no: EM13537912

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Identify the committees of the aicpa

Reference no: EM13537912

Reference no: EM13537912

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