Currently, Which of the Following Has Jurisdiction Over Accounting and Financial

question 20

Multiple Choice

Currently, which of the following has jurisdiction over accounting and financial reporting standards for voluntary health and welfare organizations?​

• A)The Governmental Accounting Standards Board​
• B)​The Financial Accounting Standards Board
• C)​American Institute of Certified Public Accountants
• D)​The Not-for-Profit Accounting Board

---

Definitions:

Internal Adaptation

The process of adjusting internal procedures, structures, or policies of an organization to better achieve its goals.

Operational Rules

These are specific guidelines or procedures designed to guide the operations of an organization or system effectively.

Official Rules

The set of formal regulations and guidelines that govern a particular activity, organization, or event.

Enforced

Implementation or execution of rules, regulations, or decisions in order to compel obedience or compliance.