Which of the following professional associations has an interest in the accounting standard-setting process?
A)The AICPA
B)The Financial Executives Institute (FEI)
C)The American Accounting Association (AAA)
D)All of the above

Question

Quizplus · Accepted Answer

All three professional associations (AICPA, FEI, and AAA) have an interest in the accounting standard-setting process, as they represent various stakeholders in the accounting profession, including practicing accountants, financial executives, and accounting educators and researchers. The AICPA is particularly involved in setting and promoting accounting standards through its role in the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). The FEI and AAA also participate in the standard-setting process through their advocacy and research efforts.

Which of the Following Professional Associations Has an Interest in the Accounting