International standard setting is now dominated by the IASB and the FASB.
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Q2: Proponents of the free-market approach to the
Q3: In 2008 the SEC agreed to permit
Q4: The development of international accounting standards began
Q5: Users of accounting information who bear little
Q6: Atkinson and Feltham state that agency theory
Q8: US GAAP have been described as principles-based
Q9: Public-interest theory shows that capital markets are
Q10: In the application of agency theory to
Q11: Individual countries must decide the extent to
Q12: International Standards on Auditing (ISA)are developed by
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