The Financial Accounting Standards Board (FASB)works with the following groups.Which of these groups was congressionally created?
A) Institute of Management Accountants
B) Public Company Accounting Oversight Board
C) International Accounting Standards Board
D) American Institute of CPAs

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was congressionally created in 2002 with the passage of the Sarbanes-Oxley Act. The other groups listed, including the FASB itself, were not created by Congress.

The Financial Accounting Standards Board (FASB)works with the Following Groups