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Disbarment may be imposed by the state bar association if a lawyer commits an offense that directly relates to his or her fitness to practice law. Such offenses may include dishonesty, fraud, felony, substance abuse, abuse of public office, or “conduct that is prejudicial to the administration of justice.”https://www.ase.com/News-Events/Publications/Stock-Photos.aspx Consummation of an acquisition by acceptance of tendered shares of ... payment. Consummation of an acquisition by acceptance of tendered shares of payment. The ... acceptance for payment of any shares tendered in a tender offer is the consummation of an acquisition of ...http://www.rocketlawyer.com/form/llc-operating-agreement.rl http://www.rocketlawyer.com/document/retail-space-lease.rl
Auditors took the leading role in developing GAAP for business enterprises.
Accounting standards have historically been set by the American Institute of Certified Public Accountants (AICPA) subject to Securities and Exchange Commission regulations.[4] The AICPA first created the Committee on Accounting Procedure in 1939, and replaced that with the Accounting Principles Board in 1959. In 1973, the Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB) under the supervision of the Financial Accounting Foundation with the Financial Accounting Standards Advisory Council serving to advise and provide input on the accounting standards. Other organizations involved in determining United States accounting standards include the Governmental Accounting Standards Board (GASB), formed in 1984, and the Public Company Accounting Oversight Board (PCAOB).
Circa 2008, the FASB issued the FASB Accounting Standards Codification, which reorganized the thousands of US GAAP pronouncements into roughly 90 accounting topics
In 2008, the Securities and Exchange Commission issued a preliminary "roadmap" that may lead the U.S. to abandon Generally Accepted Accounting Principles in the future (to be determined in 2011), and to join more than 100 countries around the world instead in using the London-based International Financial Reporting Standards.[7] As of 2010, the convergence project was underway with the FASB meeting routinely with the IASB.[8] The SEC expressed their aim to fully adopt International Financial Reporting Standards in the U.S. by 2014.[9] With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the U.S.
