Which of the following has established a "Hierarchy of GAAP":
A) Financial Accounting Standards Board.
B) Federal Accounting Standards Advisory Board
C) Governmental Accounting Standards Board
D) All of the above have established a hierarchy

Question

Quizplus · Accepted Answer

The FASB, FASAB and GASB all have hierarchies of GAAP for entities falling within their jurisdictions.

Which of the Following Has Established a "Hierarchy of GAAP