The FASB has the authority to establish accounting and financial reporting standards for:
A) Federal government
B) Private not-for-profits
C) Public not-for-profits
D) State and local governments

Question

Quizplus · Accepted Answer

Accounting and financial reporting standards for investor-owned businesses and private not-for-profit organizations are set by the Financial Accounting Standards Board FASB

The FASB Has the Authority to Establish Accounting and Financial