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Acc 460 – Gasb and Fasb Analysis Paper Essay Preview: Acc 460 – Gasb and Fasb Analysis Paper Report this essay GASB and FASB Analysis Paper ACC/460 Government and Non-Profit Accounting September 20, 2011 Paulette Mack The Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) are independent organizations that are empowered.