Which of the following entities was a principal in creating the FASAB?
A) U.S. Congress.
B) Office of Management and Budget.
C) Governmental Accounting Standards Board.
D) Securities and Exchange Commission.

Question

Which of the following entities was a principal in creating the FASAB? 
A) U.S. Congress.
B) Office of Management and Budget.
C) Governmental Accounting Standards Board.
D) Securities and Exchange Commission.

Quizplus · Accepted Answer

The Office of Management and Budget (OMB) was one of the principal entities involved in creating the Federal Accounting Standards Advisory Board (FASAB), along with the U.S. Department of the Treasury and the Government Accountability Office (GAO).

Which of the Following Entities Was a Principal in Creating