Which of the following tasks does the Financial Accounting Standards Board (FASB) perform?

A) Overseeing the work of the Securities & Exchange Commission (SEC) .
B) Overseeing the work of the Public Company Accounting Oversight Board (PCAOB) .
C) The responsibility for protecting investors and maintaining the integrity of the securities markets.
D) The development of generally accepted accounting principles.

Financial Accounting Standards Board

A stand-alone body in charge of setting and refining standards for financial accounting and reporting in the USA.

Generally Accepted Accounting Principles

A framework of accounting standards, principles, and procedures that companies must follow when compiling their financial statements, ensuring transparency and uniformity across industries.

Public Company Accounting Oversight Board

A nonprofit organization established by Congress to oversee the audits of public companies to ensure the accuracy and integrity of financial statements.