Which the Following Organizations Are Primarily Responsible for Establishing GAAP

question 436

Multiple Choice

Which the following organizations are primarily responsible for establishing GAAP today?

• A) Financial Accounting Standards Board FASB
• B) Securities and Exchange Commission SEC
• C) Internal Revenue Service IRS
• D) Federal Government

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Definitions:

Self-transcendence

The process of transcending beyond one's immediate self-interests or personal experiences.

Affiliation

A connection, association, or relationship with a group or organization.

Ostracism

The process of excluding or ignoring someone from a group or society.

Autonomy

The capacity to make informed, uncoerced decisions, often regarded as a fundamental ethical principle in many fields.