Presently, the dominant body in the development of accounting principles in the United States is the:

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The Financial Accounting Standards Board (FASB) is the current body responsible for developing and establishing accounting principles in the United States. The American Institute of Certified Public Accountants (AICPA) and the Institute of Management Accountants (IMA) are professional organizations that provide guidance and resources for accounting professionals, but they do not have the same authority as the FASB. The American Accounting Association (AAA) is a scholarly organization focused on research and education in accounting, but they also do not have the same authority as the FASB.

Presently, the Dominant Body in the Development of Accounting Principles