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Accounting standards board

• Abbreviated AcSB. The accounting profession's rule-setting body, part of the CICA, that authorizes generally accepted accounting principles (GAAP).

 
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 Generally accepted accounting principles
 
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Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary prejudices but honestly and courageously uses his intelligence. - Albert Einstein

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