Which Organization Has the Power to Set Accounting Rules for Companies

question 64

Multiple Choice

Which organization has the power to set accounting rules for companies whose stock is publicly-traded in the U.S. stock markets, but has delegated its power to another organization?

• A)International Accounting Standards Board (IASB)
• B)Financial Accounting Standards Board (FASB)
• C)General Association of Accounting Practitioners (GAAP)
• D)Securities Exchange Commission (SEC)

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