The rule-making authority within the U.S. that is responsible for promulgating new financial accounting standards is the
A) Federal Accounting Standards Board.
B) American Institute of Certified Public Accountants.
C) International Accounting Standards Board.
D) Institute of Management Accountants.
E) Financial Accounting Standards Board.

Question

Quizplus · Accepted Answer

The Financial Accounting Standards Board (FASB) is responsible for establishing financial accounting and reporting standards in the United States.

The Rule-Making Authority Within the U