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The FASB, GASB, and FASAB all focus their standards on both internal and external financial reporting.

User Kartikeya
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1 Answer

1 vote

Answer:

FALSE

Step-by-step explanation:

The FASB, GASB, and FASAB do not all focus their standards on both internal and external financial reporting.

The GASB - Governmental Accounting Standards Board and the FASB - Financial Accounting Standards Board, tend to focus more on external users of financial information while the FASAB - Federal Accounting Standards Advisory Board tend to focus on both internal and external users of financial information.

User Banyan
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