Asked by Ethan Scofield on Jul 28, 2024
Verified
Within the United States, the dominant body in the primary development of accounting principles is the
A) American Institute of Certified Public Accountants (AICPA)
B) American Accounting Association (AAA)
C) Financial Accounting Standards Board (FASB)
D) Institute of Management Accountants (IMA)
Financial Accounting Standards Board
An independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.
Certified Public Accountants
Licensed professionals who offer financial services such as auditing, tax preparation, and financial planning, and must adhere to professional standards.
Accounting Principles
The rules and guidelines that companies must follow when reporting financial data and accounting information.
- Identify the primary bodies involved in the development and governance of accounting standards in the United States.
Verified Answer
Learning Objectives
- Identify the primary bodies involved in the development and governance of accounting standards in the United States.
Related questions
Which of the Following Is the Authoritative Body in the ...
Which of the Following Is Not a Certification for Accountants ...
Which of the Following Is Not True of Accounting Principles ...
Within the United States, the Dominant Body in the Primary ...
_______ at the Federal Level Manage Public Funds,investigate White-Collar Crime,perform ...