_____ Which organization currently has responsibility for prescribing governmental accounting standards?
A) General Accounting Office.
B) Financial Accounting Standards Board.
C) National Council on Governmental Accounting.
D) American Institute of Certified Public Accountants.
E) None of the above.

Question

_____	Which organization currently has responsibility for prescribing governmental accounting standards?
A) General Accounting Office.
B) Financial Accounting Standards Board.
C) National Council on Governmental Accounting.
D) American Institute of Certified Public Accountants.
E) None of the above.

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) is responsible for setting governmental accounting standards, but it is not listed among the options provided.

_____ Which Organization Currently Has Responsibility for Prescribing Governmental Accounting Standards