Which the following organizations are primarily responsible for establishing GAAP today?
A) Financial Accounting Standards Board FASB
B) Securities and Exchange Commission SEC
C) Internal Revenue Service IRS
D) Federal Government

Question

Quizplus · Accepted Answer

The Financial Accounting Standards Board (FASB) is primarily responsible for establishing and improving Generally Accepted Accounting Principles (GAAP) in the United States.

Which the Following Organizations Are Primarily Responsible for Establishing GAAP