The establishment of Financial Accounting Standards Board (FASB) was necessitated by the globalization of business.

Name: The establishment of Financial Accounting Standards Board (FASB) was necessitated by the globalization of business.
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The establishment of the Financial Accounting Standards Board (FASB) was primarily to set standards for financial reporting and accounting in the United States, not directly because of globalization.

The Establishment of Financial Accounting Standards Board (FASB) Was Necessitated