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Accounting and financial reporting-fasb and gasb

Question: Do you think it is necessary to have two different regulatory boards, FASB and GASB, for accounting and financial reporting? Why?

What would the benefits be of having one regulatory board and do you think the benefits outweigh the drawbacks?

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Accounting Basics: Accounting and financial reporting-fasb and gasb

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Accounting Basics: Accounting and financial reporting-fasb and gasb

Reference No:- TGS01936922

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