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The history of accounting in the United States of America
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Hayley Scarfe (00957807) BAIB 2 Financial Accounting - Laurence Took The history of accounting in the United States of America The United States of America has more accounting rules and practises in its standardisation than can be seen in the United Kingdom, or than in any other country in the world. It would be assumed, though, that as the United Kingdom and the United States of America have strong economic and historical links that the systems of Financial Reporting used in both countries would be similar, however the legislation employed in America means that this is not the case. The Financial Accounting Standards Board of the USA, who are responsible for setting accounting standards make sure that the standardisation and disclosure of information is at its greatest in their country. The standards set by this board are not only influential in their own country but also in other countries around the world, as they...
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