The authoritative financial accounting standards-setting body in the United Stat
ID: 2422744 • Letter: T
Question
The authoritative financial accounting standards-setting body in the United States is presently the:
Securities and Exchange Commission (SEC).
International Accounting Standards Board (IASB).
Public Company Accounting Oversights Board (PCAOB).
Financial Accounting Standards Board (FASB).
Accounting Principles Board (APB).
A.Securities and Exchange Commission (SEC).
B.International Accounting Standards Board (IASB).
C.Public Company Accounting Oversights Board (PCAOB).
D.Financial Accounting Standards Board (FASB).
E.Accounting Principles Board (APB).
Explanation / Answer
Solution:
The answer to the above question is -
Financial Accounting Standard Board ( FASB).
It is a private, non-profit organization established to serve the purpose to improve and establish generally accepted accounting principles