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  3. 2. all of the following are true about the aicpa-

2. All of the following are true about the AICPA- developed OCBOA financial reporting framework...

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Accounting

2. All of the following are true about the AICPA- developed OCBOA financial reporting framework for privately held smaller entities except

a. the framework differs from FASB standards

b. the standards are determined by the Private Company Council

c. it is known as FRF for SMEs

d. it is for companies that do not need GAAP financial statements

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