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) Accounting Principles Board.
D) Governmental Accounting Standards Board.

Question

Quizplus · Accepted Answer

The Auditing Procedures Board is not designated to pronounce accounting principles under Rule 203. The other three bodies listed are all authorized to do so by the AICPA Council.

The AICPA Council Has Designated the Following Bodies to Pronounce