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SEC: Secrities & Exchange Commission State CPA Org: The Board of Accountancy AICIPA: Vountary professional organization for

all CPA. PCAOB: Public Company Accounting Oversight Board IFRS: International Financial Reporting Standards COSO: Committee of Sponsoring Organizations SOX: Sarbanes-Oxley Act. GAAP: Generally Accepted Accounting Principles FASB: Financial Accounting Standards Board GAAS: Generally Acepted Auditing Standards. RECORDING BUSINESS TRANSACTIONS USE THIS EQUATION: LIABILITIES + EQUITY ------------ASSETS