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Get help for Fast Essay Writing Services | Just Question Answer. What is the link between perception and decision making? How does one affect the other? Some accountants have said that politicization in the development and acceptance of generally accepted accounting principles (i.e rule making) is taking place. Some use the term “politicization” in a narrow sense to mean the influence by governmental agencies, particularly the Security and Exchange Commission, on the development of generally accepted accounting principles. The Committee on Accounting Procedure of the AICPA was established in the mid-to late 1930s and functioned until 1959, at which time the Accounting Principles Board came into existence. In 1973, the Financial Accounting Standards Board was formed and the APB went out of existence. Do the reasons these groups were formed, their methods of operation while in existence, and the reasons for the demise of the first two indicate an increasing politicization (as the term is used in the broad sense) of accounting standard-setting? Explain your answer by indicating how the CAP, the APB, and the FASB operated or operate. Cite specific developments that tend to support your answer. What arguments can be raised to support the “politicization” of accounting rule-making?

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