Accounting standard-setting in the U.S.is a technical process and thus little affected by political considerations.

Question

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Accounting standard-setting in the U.S. is not completely immune to political considerations as there are various stakeholders involved, including government agencies, industry groups, and special interest groups, that can influence the process. Additionally, the Financial Accounting Standards Board (FASB) that sets the accounting standards is overseen by the Securities and Exchange Commission (SEC), which is a government agency that can influence accounting rule-making.

Accounting Standard-Setting in the U