12121423 - Level II Training Book

Governing Structure of Standard- Setting Boards

Fi nanci al Account i ngFoundat i on (FAF)

Financial Account ing Standards Advi sory Counci l

Financial Account ing Standards Board(FASB)

Government al Account ing Standards Board(GASB)

Government al Account ing Standards Advi sory Counci l

27

Financial Reporting – Different GAAP for Different Folks • Type of Entity: GAAP Set By: • Government GASB • Business FASB • Non-Profits FASB • Public Companies PCAOB / FASB

28

BlueBird CPAs

14

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