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)

The Financial Accounting Standards Board (FASB) is the primary organization responsible for developing accounting principles within the United States. The American Institute of Certified Public Accountants (AICPA) and Institute of Management Accountants (IMA) also play important roles in advancing the accounting profession, but do not have the same level of authority as the FASB in setting accounting standards. The American Accounting Association (AAA) is primarily focused on advancing accounting education and research, rather than setting accounting principles.