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Who Sets Accounting Standards?

Accounting Standards
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Who Sets Accounting Standards?

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The Canadian Institute of Chartered Accountants (CICA) works together with international organizations such as the Financial Accounting Standards Board (FASB), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and the International Accounting Standards Board (IASB), to create new and amend older standards in order to establish and maintain a common language for communicating financial information.

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