The rule-setting body, which authorizes generally accepted accounting principles is the

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AcSB (Accounting Standards Board) is the rule-setting body in Canada that is authorized to establish and improve generally accepted accounting principles (GAAP) for use by Canadian entities. GAAP refers to the accounting standards and principles that companies must follow when preparing their financial statements, and AcSB plays a crucial role in developing and maintaining these standards. The Government of Canada and TSX (Toronto Stock Exchange) do not have direct authority over GAAP.

The Rule-Setting Body, Which Authorizes Generally Accepted Accounting Principles Is