American generally accepted accounting principles GAAP) are largely the work of the International Accounting Standards Committee IASC).

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GAAP is largely the work of the Financial Accounting Standards Board (FASB) in the United States, not the International Accounting Standards Committee (IASC). However, the FASB works closely with the International Accounting Standards Board (IASB) to converge their respective accounting standards towards a single set of global standards.

American Generally Accepted Accounting Principles GAAP) Are Largely the Work