The ________ sets accounting standards used in government accounting.
A) Federal Accounting Review Board
B) Governmental Accounting Standards Board
C) Academy of Public Sector Accountants
D) Federal Reserve Board

Question

Quizplus · Accepted Answer

The U.S. government has its own agency that defines accounting standards for government accountants. It is known as the GASB (Governmental Accounting Standards Board).

The ________ Sets Accounting Standards Used in Government Accounting