ACC305 Wk 1 DQ1 FASB and Ethics
in Accounting by neel
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Description
Research Case 1-3 (page 45)
The purpose of this case is to introduce you to the information available on the website of the Financial Accounting Standards Board (FASB).
Required:
Access the FASB home page on the Internet. The web address is . Answer the following questions.
1.Describe the mission of the FASB.
2.Who are the current Board members? Briefly describe their backgrounds.
- How are topics added to the FASB's technical agenda?
Research Case 1-3
Requirement 1
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.
Requirement 2
Board members are appointed for five-year...
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