Under certain circumstances a government might use standards established by which of the following standard-setting bodies?
A) GASB.
B) FASB.
C) AICPA.
D) All of the above.

Question

Under certain circumstances a government might use standards established by which of the following standard-setting bodies? 
A) GASB.
B) FASB.
C) AICPA.
D) All of the above.

Quizplus · Accepted Answer

Governments might use standards established by all of the mentioned bodies: GASB (Governmental Accounting Standards Board) for governmental entities, FASB (Financial Accounting Standards Board) for private sector organizations, and AICPA (American Institute of Certified Public Accountants) guidelines and standards for auditing practices.

Under Certain Circumstances a Government Might Use Standards Established by Which