The IRS

question 41

Multiple Choice

The IRS:

• A)facilitates the processing of tax returns
• B)enforces the internal revenue laws of the United States
• C)is a bureau within the U.S. Department of Finance
• D)all of these are correct

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Definitions:

Financial Accounting Standards Board

An autonomous body tasked with creating and enhancing financial accounting and reporting norms in the United States.

Securities and Exchange Commission

A US government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation's stock and options exchanges.

CMA

Certified Management Accountant, a professional certification for accounting and financial professionals in business.

CISA

Certified Information Systems Auditor, a designation awarded to IT auditors who pass an exam and meet specific work experience requirements.