The primary maker of financial accounting standards in the United States is the International Accounting Standards Board.

Question

Quizplus · Accepted Answer

The primary maker of financial accounting standards in the United States is actually the Financial Accounting Standards Board (FASB). The International Accounting Standards Board (IASB) sets international financial reporting standards, but their use in the U.S. is voluntary and not mandated by law.

The Primary Maker of Financial Accounting Standards in the United