Which the following organizations is primarily responsible for establishing GAAP today?
A)IRS
B)Securities and Exchange Commission (SEC)
C)SEC
D)None of these choices

Name: Which the following organizations is primarily responsible for establishing GAAP today? A)IRS B)Securities and Exchange Commission (SEC) C)SEC D)None of these choices
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Question

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The Financial Accounting Standards Board (FASB) is primarily responsible for establishing GAAP, not any of the choices listed.

Which the Following Organizations Is Primarily Responsible for Establishing GAAP