Many countries outside the United States use financial accounting standards issued by the
A) AICPA
B) SEC
C) IASB
D) FASB

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) issues financial accounting standards that are used by many countries outside the United States. The American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and Financial Accounting Standards Board (FASB) issue standards primarily used within the United States.

Many Countries Outside the United States Use Financial Accounting Standards