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Dodd-Frank Rollback Could Hinder Funding of Accounting Standards Board – CFO Journal. – WSJ

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The anticipated rollback of the 2010 Dodd-Frank Act financial-overhaul law could affect funding the Government Accounting Standards Board receives, according to the not-for-profit organization that oversees it.

The board, known as the GASB, sets financial accounting and reporting standards for state and local governments in the U.S.. The Financial Accounting Foundation is responsible for the oversight and administration of the activities of both the GASB and the Financial Accounting Standards Board, which is responsible for standards of both public and private companies as well as not-for-profit organizations.

A provision in Dodd-Frank allows the foundation to charge a fee for GASB’s services. The fee is paid by …

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