Financial accounting standards for cities are developed primarily by the

Question

Quizplus · Accepted Answer

Financial accounting standards for cities are primarily developed by the Governmental Accounting Standards Board (GASB). The Financial Accounting Standards Board (FASB) and International Federation of Accountants (IFAC) primarily develop accounting standards for private companies and the Securities and Exchange Commission (SEC) regulates financial reporting for publicly traded companies.

Financial Accounting Standards for Cities Are Developed Primarily by the