The FASB has repeatedly said that its objective, in setting standards, is to try to help move society toward certain particular goals, including a fairer allocation of resources.

Question

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The primary objective of the FASB (Financial Accounting Standards Board) in setting standards is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information, rather than to move society toward particular social or economic goals.

The FASB Has Repeatedly Said That Its Objective, in Setting