The FASB has standard-setting jurisdiction over all private not-for-profits and all government-owned not-for-profits.

Name: The FASB has standard-setting jurisdiction over all private not-for-profits and all government-owned not-for-profits.
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The FASB has standard-setting jurisdiction over private not-for-profits, but not government-owned not-for-profits. The Governmental Accounting Standards Board (GASB) has standard-setting jurisdiction over government-owned not-for-profits.

The FASB Has Standard-Setting Jurisdiction Over All Private Not-For-Profits and All