The members of the __________ are appointed by the Financial Accounting Foundation.
A) American Accounting Association.
B) Financial Accounting Standards Board
C) Securities and Exchange Commission.
D) American Institute of Certified Public Accountants.

Question

Quizplus · Accepted Answer

The Financial Accounting Standards Board members are appointed by the Financial Accounting Foundation. The American Accounting Association is a professional organization, not a standard-setting body. The Securities and Exchange Commission has oversight over financial reporting, but does not appoint members of the FASB. The American Institute of Certified Public Accountants is also a professional organization, not a standard-setting body.

The Members of the __________ Are Appointed by the Financial