The FASB had three primary goals in developing the Codification: 1. Simplify user access by...
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Accounting
The FASB had three primary goals in developing the Codification:
1. Simplify user access by codifying all authoritative US GAAP in one spot.
2. Ensure that the codified content accurately represented authoritative US GAAP as of July 1, 2009.
3. Create a codification research system that is up to date for the released results of standard-setting activity.
My question is do you think all of the goals have been realized?
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