Why Did the AICPA Create the Accounting Principles Board

question 63

Multiple Choice

Why did the AICPA create the Accounting Principles Board?

• A) The SEC disbanded the previous standard setting organization.
• B) The previous standard setting organization did not provide a structured set of accounting principles.
• C) No such organization existed in the past.
• D) None of the answer choices are correct.

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Definitions:

Abbreviation

A condensed version of a word or phrase designed to make communication easier.

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A condition where the cushion-like pads between the vertebrae move out of position and press on adjacent nerves, causing pain.

Abbreviation

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