Match the Acronym with the Description That Best Reflects It

question 15

Essay

Match the acronym with the description that best reflects it.(There are more descriptions than acronyms.)
ACRONYM
1._____ SEC
2._____ GAAP
3._____ PCAOB
4._____ FASB
5._____ IASB
6._____ SOX
7._____ AICPA
DESCRIPTION
A.The Board that establishes international accounting standards.
B.This organization regulates activities associated with the stock market such as the reporting of financial data by publicly owned companies.
C.The U.S.agency that must approve mergers between very large publicly owned corporations.
D.The national professional organization of accountants.
E.A set of laws established to strengthen corporate reporting in the United States.
F.The U.S.Board that approves the rules for auditing publicly owned companies.
G.Rules of financial accounting created by the FASB for use in the United States.
H.The organization that establishes business laws in the U.S.
I.The U.S.agency that certifies foreign accounting firms to practice in the U.S.
J.The Board that establishes the accounting rules that govern American publicly owned corporations.

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Definitions:

Candy

A sweet tasting confection made from sugar and often combined with fruits, chocolate, or nuts.

Behavioral Economic Theories

A branch of economics that studies how psychological, social, and emotional factors affect economic decisions.

Rational Decisions

Choices made based on logical reasoning and objective analysis of available information and alternatives.

Behavioral Economics

A domain within economics focused on analyzing how elements such as psychology, cognition, emotions, culture, and societal factors impact choices related to the economy.