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The private sector organization that is currently responsible for setting accounting standards in the United States is the Committee on Accounting Procedure. Financial Accounting Standards Board. Securities and Exchange Commission. Accounting Principles Board.
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Get PriceAccounting Standards. Financial reporting—balance sheets—income statements—financial notes and disclosures—is the language we use to communicate information about the financial condition of a company, public or private, a not-for-profit organization, or a state or local government. The accounting standards developed and established by
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