The private sector organization involved in developing accounting principles is the
A) Feasible Accounting Standards Body.
B) Financial Accounting Studies Board.
C) Financial Accounting Standards Board.
D) Financial Auditors' Standards Body.

Question

Quizplus · Accepted Answer

The private sector organization involved in developing accounting principles is the Financial Accounting Standards Board (FASB). The other options are not valid organizations involved in accounting standards development.

The Private Sector Organization Involved in Developing Accounting Principles Is