[Verse 1] Three guardians watch the numbers flow IASB speaks for the globe International standards they compose While FASB guards America's code IOSCO keeps the markets clean Securities regulators convene [Chorus] I-A-S-B sets the global beat F-A-S-B makes US complete I-O-S-C-O policing the street Standards born from boards that meet Due process keeps the system neat Transparency can't be beat [Verse 2] London headquarters houses the international crew Fourteen members from nations through and through Five year terms with expertise diverse While Connecticut holds the US purse FASB's seven voices strong Creating GAAP that's clear and long [Chorus] I-A-S-B sets the global beat F-A-S-B makes US complete I-O-S-C-O policing the street Standards born from boards that meet Due process keeps the system neat Transparency can't be beat [Verse 3] Madrid monitors the market maze IOSCO coordinates regulatory ways Securities commissions unite as one Protecting investors till the job is done No standards written, but principles shared Making sure the markets play fair [Bridge] Research first, then exposure drafts Comment periods, no hasty crafts Public hearings test the ground Before the final rules are crowned Governance structures guide each choice Democracy gives stakeholders voice [Chorus] I-A-S-B sets the global beat F-A-S-B makes US complete I-O-S-C-O policing the street Standards born from boards that meet Due process keeps the system neat Transparency can't be beat [Outro] IFRS crosses every border While US GAAP maintains order Three pillars of financial truth Standards-setters, bulletproof
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