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Financial Accounting Standards Board (FASB)
An independent organization responsible for establishing and improving standards of financial accounting and reporting for the private sector in the United States.
Accounting Principles
Guidelines and rules that govern the accounting practices and procedures, ensuring accuracy and consistency in financial reporting.
Fraudulent Acts
Intentional deceptions made for personal gain or harm, involving financial transactions or manipulations.
Ethical Lapses
Occurrences where individuals or organizations fail to act in a morally upright manner, breaking established moral or ethical codes.
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