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29 September, 15:58

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

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  1. 29 September, 16:22
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    FALSE

    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.
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