Organizations important to accounting are listed. Select the organization that most closely achieves the role described. (Choices may be used more than once.)
-issues financial accounting concepts that are used as a guide to accounting standard-setting in the U.S

Question

Quizplus · Accepted Answer

The Financial Accounting Standards Board (FASB) is responsible for issuing financial accounting concepts that serve as a guide to accounting standard-setting in the United States. These concepts form the conceptual framework for financial reporting that guides the development of accounting standards.

Organizations Important to Accounting Are Listed