The National Association of College and University Business Officers (NACUBO) provides second-tier GAAP for private colleges and universities.

Question

Quizplus · Accepted Answer

The National Association of College and University Business Officers (NACUBO) does not provide GAAP. GAAP (Generally Accepted Accounting Principles) are established by the Financial Accounting Standards Board (FASB) for private entities and by the Governmental Accounting Standards Board (GASB) for public entities.