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Monday, March 10, 2008

Financial Accounting Foundation Approves Changes to FAF, FASB and GASB

The Financial Accounting Foundation (FAF) Board of Trustees has approved changes to oversight, structure and operations of FAF and its two standards-setting boards, the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). Changes include altering the size of the FAF and FASB and securing a permanent funding source for GASB. Read more

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