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This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used...

This assignment has 3 parts:

  1. How do accounting policies and practices affect financial accounting information used for "external" decision making purposes?  
  2. What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies?  
  3. How do internal controls help ensure that financial results are accurately and fairly presented for use by external users?
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Answer #1

Page-1 Answeco As per the given question, the assignment has 3 patts: ② As we are awarce financial statements are used by manPage-2 a) Financial Accounting Standerod Board (FASB) b) Securities Exchange commission (SEC) c) International Accounting StaPage-3 a) Prevent and detect the errors and fraud. b) Entitys operations are conducted - in accordance with applicable 1. la

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