GASB and FASB Analysis Paper

Governmental Accounting Standards Board and Financial Accounting Standards Board
In this paper I will be discussing the objectives of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). The GASB was organized to establish standards of financial accounting and reporting for state and local government entities. The FASB was organized to establish standards of financial accounting and reporting for the private sector. (www. gasb.org)
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