_____ Which organization currently has responsibility for prescribing governmental accounting standards?
A) Government Finance Officers Association.
B) Governmental Accounting Standards Board.
C) Accounting Standards Board of the AICPA.
D) Financial Accounting Standards Board.
E) None of the above.

Question

_____	Which organization currently has responsibility for prescribing governmental accounting standards?
A) Government Finance Officers Association.
B) Governmental Accounting Standards Board.
C) Accounting Standards Board of the AICPA.
D) Financial Accounting Standards Board.
E) None of the above.

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) is responsible for establishing accounting and financial reporting standards for state and local governments in the United States.

_____ Which Organization Currently Has Responsibility for Prescribing Governmental Accounting Standards