Which of the following organizations is responsible for the creation and governance of accounting standards in the United States?O A. Securities and Exchange CommissionB. Financial Accounting Standards BoardC. Institute of Management AccountantsD. American Institute of Certified Public Accountants

The answer is option (b.) [i.e, Financial Accounting standards Board (FASB)] Refer Step 2 for…

Which of the following organizations is responsible for the creation and governance of accounting standards in the United States? O A. Securities and Exchange Commission O B. Financial Accounting Standards Board O C. Institute of Management Accountants O D. American Institute of Certified Public Accountants

Which of the following organizations is responsible for the creation and governance of accounting standards in the United States? O A. Securities and Exchange Commission O B. Financial Accounting Standards Board O C. Institute of Management Accountants O D. American Institute of Certified Public Accountants

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 4MCQ

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