The Purpose of the FASAB Is to Develop and Issue

question 53

Multiple Choice

The purpose of the FASAB is to develop and issue federal accounting standards. The Board comprises ten members. What is the makeup of the board?

• A) Two from the executive branch, two from the legislative branch, two who are appointed by the AICPA and five who are not employees of the federal government.
• B) Three from the executive branch, three from the legislative branch, and four who are not employees of the federal government.
• C) One from the executive branch, one from the legislative branch, two who are appointed by the AICPA and six who are not employees of the federal government.
• D) Two from the executive branch, two from the legislative branch, and six who are not employees of the federal government.

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Definitions:

Stimulation Source

An external or internal factor that induces a response or activity in biological, chemical, or physical systems.

Hypothalamus

A region of the brain that plays a crucial role in many important functions, including releasing hormones, regulating body temperature, and managing feelings of hunger and thirst.

Sensory Input

Information received by the body's sensory organs, which is then sent to the brain for processing.