Listed Below Are Ten Organizations Followed by a List of Phrases

question 147

Multiple Choice

Listed below are ten organizations followed by a list of phrases that describe or characterize the organizations. Match each phrase with the correct organization.
-FAF

• A)FASB's predecessor.
• B)Primary national organization of accountants working in industry.
• C)Regulates the financial reporting for public companies.
• D)The FASB's parent organization.
• E)National organization of certified public accountants.
• F)Sets accounting standards in the United States.
• G)Provides timely responses to financial reporting issues.
• H)Advises the FASB
• I)Sets global accounting standards.
• J)Establishes auditing standards in the US for public companies.

---

Definitions:

Metal Fabrication Plant

A facility where metal is cut, shaped, and assembled into products or parts through processes like welding, cutting, and machining.