The Accounting Profession Follows Generally Accepted Accounting Principles as Defined

question 230

Multiple Choice

The accounting profession follows generally accepted accounting principles as defined by ___________________.

• A)the GAAP
• B)the PCAOB Public Company Accounting Oversight Board)
• C)the FASB Financial Accounting Standards Board)
• D)the Sarbanes-Oxley Act

---

Definitions:

Public Failing

Visible or widely recognized errors or shortcomings in performance or behavior, especially by individuals in positions of influence or power.

Ethical Leadership

A leadership approach that is guided by respect for ethical beliefs and values, and for the dignity and rights of others.

Acts Courageously

The willingness to face fear, uncertainty, or difficulty by taking bold and principled actions.

Ethical Leaders

Leaders who demonstrate and promote ethical behavior within their organizations through their decisions, actions, and influence on others.