_____ is a private-sector financial accounting standard setter that promulgates accounting standards that are required or permitted to be used in over 100 countries, but has no enforcement powers.
A)Financial Accounting Standards Board (FASB)
B)International Accounting Standards Board (IASB)
C)Public Company Accounting Oversight Board (PCAOB)
D)U.S.Securities and Exchange Commission (SEC)
E)Governmental Accountability Office (GAO)

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is a private-sector financial accounting standard setter that promulgates accounting standards that are required or permitted to be used in over 100 countries. However, the IASB has no enforcement powers. The Financial Accounting Standards Board (FASB) is a similar organization, but it operates primarily in the United States. The Public Company Accounting Oversight Board (PCAOB) is a regulatory organization that oversees public accounting firms that audit public companies in the United States. The U.S. Securities and Exchange Commission (SEC) is a government agency that regulates and oversees the securities industry and financial markets in the United States. The Government Accountability Office (GAO) is a government agency that provides auditing, evaluation, and investigative services for Congress.

_____ Is a Private-Sector Financial Accounting Standard Setter That Promulgates