Which One of the Following Is the Authoritative Body in the United

question 130

Multiple Choice

Which one of the following is the authoritative body in the United States having the primary responsibility for developing accounting principles?

• A) FASB
• B) IRS
• C) SEC
• D) AICPA

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Definitions:

Landrum-Griffin Act

A 1959 United States law aiming to regulate labor unions' internal affairs and their officials' relationships with employers.

Department Of Labor

A cabinet-level department of the U.S. government responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.

Voluntary Mediation

A process where conflicting parties choose to engage a neutral third party to help them reach a mutually satisfactory agreement without litigation.

Labor And Management

The collective groups of employees (labor) and employers (management) in a workplace or industry, often with contrasting interests and objectives.