Private not-for-profit health care organizations follow standards set by:

Question

Quizplus · Accepted Answer

Private not-for-profit health care organizations follow standards set by the Financial Accounting Standards Board (FASB), which is responsible for establishing accounting and financial reporting standards for not-for-profit organizations. The Governmental Accounting Standards Board (GASB) sets standards for state and local governments, while the Securities and Exchange Commission (SEC) oversees the financial reporting of publicly traded companies. The American Institute of Certified Public Accountants (AICPA) provides guidance and support to the accounting profession, but does not set standards for not-for-profit health care organizations.

Private Not-For-Profit Health Care Organizations Follow Standards Set By