The AICPA Council has designated the following bodies to pronounce accounting principles under the Accounting Principles Rule 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 is not responsible for pronouncing accounting principles under the AICPA's Accounting Principles Rule. The other three choices (Financial Accounting Standards Board, Opinions of the Accounting Principles Board, and Governmental Accounting Standards Board) are designated bodies for this purpose.

The AICPA Council Has Designated the Following Bodies to Pronounce