Governing Structure of Standard-Setting Boards
FinancialAccountingFoundation (FAF)
Financial Accounting Standards AdvisoryCouncil
Financial Accounting Standards Board(FASB)
Governmental Accounting Standards Board(GASB)
Governmental Accounting Standards AdvisoryCouncil
Financial Reporting – Different GAAP for Different Folks
Type of Entity: • Government
GAAP Set By:
GASB FASB FASB
• Business
• Non-Profits
• Public Companies
PCAOB / FASB
BlueBird CPAs
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