Which Organization Provides Guidelines for Ethical Conduct for the Accounting

question 87

Multiple Choice

Which organization provides guidelines for ethical conduct for the accounting profession?

• A) AICPA
• B) SEC
• C) GAAP
• D) FASB
• E) CMA

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Definitions:

Secondary Reserve

Secondary Reserve includes assets that are not as liquid as primary reserves but can still be quickly converted into cash.

Board of Governors

The leading body of a federal reserve system, overseeing the policy direction and regulatory functions of the central bank.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, including regulating banks, managing inflation, and influencing interest rates.

Federal Open Market Committee

The branch of the Federal Reserve System responsible for overseeing the nation's open market operations and making key decisions about interest rates and the growth of the United States money supply.