Which of the following "bodies designated by Council" have been authorized to promulgate accounting principles enforceable under Rule 203 of the AICPA Code of Professional Conduct?
A) Auditing Standards Board.
B) Federal Accounting Standards Advisory Board.
C) Consulting Services Executive Committee.
D) Accounting and Review Services Committee.

Question

Quizplus · Accepted Answer

The Federal Accounting Standards Advisory Board (FASAB) has been designated by the Council to promulgate accounting principles enforceable under Rule 203 of the AICPA Code of Professional Conduct. The Auditing Standards Board (ASB), Consulting Services Executive Committee (CSEC), and Accounting and Review Services Committee (ARSC) have not been designated by the Council for this purpose.

Which of the Following "Bodies Designated by Council" Have Been