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Evaluate the composition of the Federal Advisory Standards Advisory Board (FASAB). How is it funded...

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Accounting

Evaluate the composition of the Federal Advisory Standards Advisory Board (FASAB). How is it funded and what is its purpose? Discuss any active projects of the FASAB. Do you think the FASAB is an independent standard-setting organization? If so, why? Analyze whether the FASAB is proprietary based on the information you know about a proprietary organization.

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