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The PCAOB and FASB Are Involved in Establishing Standards Used

Question 43

Essay

The PCAOB and FASB are involved in establishing standards used in preparing a company's annual report.
Required:
a. Which standards are established by the PCAOB? Why are these types of standards established?
b. Which standards are established by the FASB? Why are these types of standards est athishe of?

Correct Answer:

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a. blured image PCAOB establishes the auditing stand...

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