The Financial Accounting Standards Board

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  1. Demonstrate your understanding of the reasons for, and the structure of, the Financial Accounting Standards Board.
  2. Explain the impact of the Trueblood study on financial accounting standard setting.
  3. Clearly communicate your thoughts and ideas in a clear and concise manner.
  4. write persuasively in a document(3 pages) that is free of spelling and grammatical errors.

Assignments

After completing assigned readings, explain how the design and structure of the Financial Accounting Standards Board is designed to ensure the establishment of high quality accounting standards. In your opinion, were the Wehat Study’s recommendations sufficient to achieve this goal? Support your opinion with facts and sound logic.