Today,financial accounting and reporting standards in the United States are established primarily by the:

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The Financial Accounting Standards Board (FASB) is responsible for establishing financial accounting and reporting standards in the United States. The Securities and Exchange Commission (SEC) oversees the FASB's activities but does not establish accounting standards itself. The International Accounting Standards Board (IASB) develops international accounting standards but is not responsible for establishing standards in the United States. The U.S. Congress has the authority to pass legislation related to accounting standards, but it does not establish them directly.

Today,financial Accounting and Reporting Standards in the United States Are