Today, Financial Accounting and Reporting Standards in the United States

question 62

Multiple Choice

Today, financial accounting and reporting standards in the United States are established primarily by the:

• A) Securities and Exchange Commission.
• B) International Accounting Standards Board.
• C) Financial Accounting Standards Board.
• D) U.S. Congress.

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Definitions:

Roe v. Wade

A landmark decision by the United States Supreme Court that granted the right to abortion under the right to privacy through the Due Process Clause of the Fourteenth Amendment.

Right to Privacy

A legal and ethical principle that protects individuals against intrusion into their personal life and affairs by governments, organizations, or other individuals.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Mexican American

Individuals in the United States who have Mexican ancestry, constituting a significant ethnic group with its own unique cultural, historical, and social experiences.