Which of the Following Is NOT a Major Standard-Setting Body

question 26

Multiple Choice

Which of the following is NOT a major standard-setting body responsible for the establishment of U.S. and international GAAP (Generally Accepted Accounting Principles) ?

• A) SEC (Securities Exchange Commission)
• B) PCAOB (Public Company Accounting Oversight Board)
• C) FASB (Financial Accounting Standards Board)
• D) IASB (International Accounting Standards Board)

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Definitions:

Annual Income

The total amount of income earned in one fiscal year before deductions.

Professional Groups

Organizations or associations comprised of individuals from the same profession or occupational field, often formed for advocacy, networking, and professional development purposes.

Years of Experience

The total amount of time an individual has spent in a particular professional role or industry.

Significance Level

A threshold set by the researcher to determine the maximum probability of wrongly rejecting the null hypothesis, commonly denoted as alpha (α) and often set at 0.05 or 5%.