When the FASB considers the effects of an accounting standard:

Question

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The FASB considers the benefits of an accounting standard primarily in terms of the information needs of the financial statement users, which includes investors, lenders, and other stakeholders in the stock market. It also considers the costs and practicalities of implementing the standard for preparers of financial statements, but not just auditing costs. The FASB does not limit its consideration to small or nonpublicly listed firms, but instead aims to develop accounting standards that are broadly applicable to all types of entities.

When the FASB Considers the Effects of an Accounting Standard