Financial Accounting Standards Board (FASB) Website to review

  • answer the QUESTIONS FROM THE LINK BELOW  (MIN 125 WORD)
  • From the e-Activity, compare one (1) recently completed project to the old accounting standard, and predict the fundamental way in which the new standard will improve financial reporting. Provide support for your rationale.
  • From the e-Activity, recommend two (2) internal controls that you would implement to ensure that corporations follow the new standard that you had explored in Part 1 of this discussion if you were given complete authority in the matter. Justify your response.

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