Answer
Particularly, AICPA created the Accounting Principle Board in 1959 with an aim of; advancing the written expression of accounting principles, to determine the appropriate accounting practices as well as narrowing the difference and inconsistency within the accounting practice.
Work Step by Step
Additionally, in order to achieve the three key goals, they sought to develop an overall conceptual framework for the purpose of assisting in the resolution of problems as they raised and to substantively research individual issues before they issued heads-up on how to deal with them.
