Which of the Following Is the Highest in the Hierarchy

question 13

Multiple Choice

Which of the following is the highest in the hierarchy of generally accepted accounting principles according to AICPA Statement of Auditing Standard No.69,as amended by SAS No.91,for the federal government entities?

• A)AICPA Audit and Accounting Guide.
• B)FASB emerging issues task force reports.
• C)GASB statements.
• D)FASAB statements.

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Definitions:

Robert Owen

A British social reformer and one of the founders of utopian socialism and the cooperative movement in the early 19th century.

Charles Fourier

A French philosopher and social theorist famous for his influential ideas on cooperative living and the organization of society into self-sufficient communities.

Utopian Societies

Idealized communities designed to achieve greater social, moral, and political perfection, often based on theories of equitable resource distribution, communal living, and harmonious coexistence.

Worldly Communities

Groups or societies characterized by their engagement in or concern with earthly or secular affairs as opposed to strictly spiritual ones.