CFA一级复习题精华材料(FSA部分).docx

The Framework of FRS Standard-setting bodies Financial Accounting Standards Board (FASB) The Statement of Financial Accounting Standards (SFAS) Generally Accepted Accounting Principle(GAAP) Desirable attributes of standard-setters: Observe high professional standards. Have adequate authority, resources, and competencies to accomplish its mission. Have clear and consistent standard-setting processes. Guided by a well-articulated framework. Operate independently while still seeking input from stakeholders. Should not be compromised by special interests. Decisions are made in the public interes