IASB and FASB paper (Accounting)
The FASB was created in 1973 just like IASC, ad replaced CAP (Committee on Accounting Procedures), AB (Accounting Principles Board) and AICPA (American Institute of Certified Public Accountants). Te FASB tries to improve usefulness of financial reporting by making it more reliable and relevant. Tis...
Pages: 4 (1000 words)