Three organizations important to accounting are listed below.Select the organization that most closely achieves the role described.
-Is a professional organization of certified public accountants.
A)American Institute of Certified Public Accountants (AICPA)
B)Financial Accounting Standards Board (FASB)
C)Securities and Exchange Commission (SEC)

Question

Quizplus · Accepted Answer

The American Institute of Certified Public Accountants (AICPA) is a professional organization of certified public accountants. The other two organizations listed, Financial Accounting Standards Board (FASB) and Securities and Exchange Commission (SEC), have different roles in accounting. FASB is responsible for setting accounting standards in the United States, while the SEC is a regulatory agency that enforces securities laws and regulates the securities industry.

Three Organizations Important to Accounting Are Listed Below