Which organization is responsible for the oversight, financing, and administration of all accounting standard setting organizations in the United States?
A) American Institute of Certified Public Accountants (AICPA)
B) Financial Accounting Foundation (FAF)
C) Securities and Exchange Commission (SEC)
D) Financial Accounting Standards Advisory Council (FASAC)

Question

Quizplus · Accepted Answer

The Financial Accounting Foundation (FAF) is responsible for the oversight, financing, and administration of all accounting standard setting organizations in the United States, including the Financial Accounting Standards Board (FASB).

Which Organization Is Responsible for the Oversight, Financing, and Administration