Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 1 - Financial Accounting and Accounting Standards - Review and Practice - Questions - Page 22: 10


Particularly, AICPA created the Accounting Principle Board in 1959 with an aim of; advancing the written expression of accounting principles, to determine the appropriate accounting practices as well as narrowing the difference and inconsistency within the accounting practice.

Work Step by Step

Additionally, in order to achieve the three key goals, they sought to develop an overall conceptual framework for the purpose of assisting in the resolution of problems as they raised and to substantively research individual issues before they issued heads-up on how to deal with them.
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