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The board has the authority to establish auditing standards, quality control standards, and independence standards for audits of public companies.
Congress has the authority to establish federal courts; state legislative bodies establish state courts.
In 1973.
charter
Primary authority is a legal statement to which everyone is subject, including individuals, courts, and the government. Primary authority is mostly used to establish a law.
Congress retains the authority to do this. They also have the authority to abolish any federal court except the Supreme Court.
icons
The authority of the federal government over the state governments.
Making a strong impression due to size and power
no
1854 the Indian Appropriations Act
The FASB has the authority to establish GAAPs but has no authority to enforce its standards. The SEC and the AICPA are the organizations that provide the enforcement mechanism.