Are rules by FASAB considered GAAP at this point?, assignment help
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Are rules by FASAB considered GAAP at this point? If so, are FASAB rules considered GAAP for state & local governments, federal or non-profit/for-profit entities? If FASAB does not create state/local and for-profit entity rules, which group(s) creates the rules for state/local and for-profit/non-profit entities (list the rules maker for 1) for-profit/not-for-profit, 2) state/local government and 3) federal)?
Has FASAB always been a source of GAAP (if FASAB is a source of GAAP), or was there a date at which point FASAB become a source of GAAP? What was the date? Where were rules by FASAB considered before the rules were considered GAAP (if applicable)?
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