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The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.

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A common set of accounting standards and procedures are called?

GAAP - Generally Accepted Accounting Principles


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Mandatory accounting standards issued by ICAI?

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Is the financial accounting standards advisory board the same as the federal accounting standards board?

The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.


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What are advantages and disadvantage of harmonisation of international accounting standards?

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Who issues accounting standards in India?

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