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

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Definitions:

Secular

Pertaining to worldly things or to things that are not regarded as religious, spiritual, or sacred; not affiliated with any religious denomination.

Piedmont-Sardinia

A kingdom in northern Italy that played a central role in the unification of Italy in the 19th century.

Prime Minister

The head of government in parliamentary democracies, responsible for running the country's administration and implementing executive decisions.

Cavour

Camillo Benso, Count of Cavour, was a leading figure of the Italian unification process, serving as the Prime Minister of Piedmont-Sardinia, instrumental in uniting Italy.