The AICPA Council has designated the following bodies to pronounce accounting principles under Rule 203,except the
A) Financial Accounting Standards Board.
B) Auditing Procedures Board.
C) Opinions of the Accounting Principles Board.
D) Governmental Accounting Standards Board.

Question

Quizplus · Accepted Answer

The Auditing Procedures Board was disbanded in 1980 and is no longer a designated body under Rule 203. The other three bodies listed are currently designated to pronounce accounting principles under Rule 203.

The AICPA Council Has Designated the Following Bodies to Pronounce