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Room for DebateDebate 1-1 Which Body Should Set Accounting Standards in the United States? Team Debate: Team 1:Argue that...

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Accounting

Room for DebateDebate 1-1

Which Body Should Set Accounting Standards in the UnitedStates?

Team Debate:

Team 1:Argue that the SEC should set accounting standards in theUnited States.

Team 2:Argue that the FASB should set accounting standards inthe United States.

Answer & Explanation Solved by verified expert
3.8 Ratings (497 Votes)
Before proceeding further Firstly we should know what these bodies do SEC It is security and exchange commission that was created in 1934 after the great depression of 1929 It is the regulator of stock market and it protects investors rights FASB It is financial accounting standard    See Answer
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