Which of the following is not a major standard-setting body responsible for the establishment of U.S. and International Financial Reporting Standards?

Question

Quizplus · Accepted Answer

The PCAOB (Public Company Accounting Oversight Board) is primarily responsible for overseeing the audits of public companies to protect investors and the public interest by promoting informative, accurate, and independent audit reports. It does not set financial reporting standards. The SEC, FASB, and IASB are directly involved in the establishment and enforcement of financial reporting standards.

Which of the Following Is Not a Major Standard-Setting Body