Asked by christopher Neville on Apr 25, 2024
Verified
In the United States,______ is primarily responsible for evaluating,setting,or modifying GAAP?
A) SOX
B) IASB
C) IFRS
D) FASB
FASB
The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.
Accounting Standards
Formal conventions, rules, and guidelines that govern how financial statements are prepared and presented to ensure uniformity and comparability.
- Pinpoint the regulatory standards and agencies that regulate the accounting profession.
Verified Answer
Learning Objectives
- Pinpoint the regulatory standards and agencies that regulate the accounting profession.
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