The International Accounting Standards Board is the primary and most important determinant of generally accepted accounting principles.

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The International Accounting Standards Board (IASB) issues International Financial Reporting Standards (IFRS) which are used in many parts of the world, but the primary determinant of Generally Accepted Accounting Principles (GAAP) in the United States is the Financial Accounting Standards Board (FASB).

The International Accounting Standards Board Is the Primary and Most