substantial authoritative support outside of the scope of an official

Substantial authoritative support outside of the

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substantial authoritative support outside of the scope of an official pronouncement then a member of the AICPA member had to disclose the departure in the financial statements. The end of the APB, in 1973 happened because they were not accomplishing the different tasks that they were created to accomplish. The APB wound up addressing more specific accounting issues rather than the more broad generally accepted accounting principles. Research performed to support subsequent opinions that were to be expressed by the APB were generally ignored and the committee was seen as an extension of the original CAP whereas, only very specific problems were being addressed. The appropriateness was being questioned by outside interest groups as to whether it was proper for the AICPA to establish GAAP. Politicalization pertaining to the origination of GAAP is realistic due to the extensive effects involved in the issues being resolved. FASB was originally formed as an organization that would represent the diverse interest groups affected by the use of GAAP. The FASB is independent of the AICPA, and has no affiliation with any private or governmental organizations. Groups such as CPA firms, individual CPAs, private industry, and accounting educators have the opportunity to express their view to FASB through their membership on the board. FASBs independence is facilitated through funding of the organization and from payments received by board members and all full-time board members are paid by FASB. The organization maintains impartiality because it is funded by contributions and so no particular group can claim a vested interest. The development and evolution of the current FASB represents an increasing politicalization of accounting standards setting. Efforts made by the AICPA can be attributed to the desire to satisfy the interests of many groups within our society.
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