In countries with common law legal systems,accounting standards originate from:

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In countries with common law legal systems, accounting standards usually originate from the private sector with the help of private, self-regulating bodies such as the Financial Accounting Standards Board (FASB) in the United States or the International Accounting Standards Board (IASB) internationally. These standards are typically adopted by the government as part of the legal framework, but they are not created by the government.

In Countries with Common Law Legal Systems,accounting Standards Originate From