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FASB

Meet the accountants who may become the new power brokers of taxes. – The New York Times

By Securities Docket on August 5, 2022, 8:48 am

Here’s where the accounting officials come in. Nearly 50 years ago, the Securities and Exchange Commission gave responsibility for writing and updating its “generally accepted accounting principles,” which determine how quarterly and annual profits are calculated, to the Financial Accounting Standards Board, a private organization funded by corporations and overseen by a nonprofit group, the […]

Posted in Industry, Top | Tagged FASB

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