All of the following organizations have set financial accounting standards for U.S.companies except ________.
A)Public Company Accounting Oversight Board (PCAOB)
B)Accounting Principles Board (APB)
C)Committee on Accounting Procedures (CAP)
D)Financial Accounting Standards Board (FASB)

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) oversees the audits of public companies but does not set financial accounting standards. The APB, CAP, and FASB have all been involved in setting accounting standards.

All of the Following Organizations Have Set Financial Accounting Standards