(Solution) -ACC 201 Week 2 Assignment FASB Paper

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ACC 201 Week 2 Assignment FASB Paper

Go to the website of the Financial Accounting Standards Board, www.fasb.org. Write a paper, in at least 400 words, that describes the mission of FASB, how it is organized, how it functions, and who grants the authority of FASB to issue accounting standards. Also, research the most recent accounting issues that FASB is taking into consideration.