Solved

Match Each Definition to Its Organization

Question 171

Matching

Match each definition to its organization

Premises:
Responsible for interpreting and enforcing tax laws
Establishes standards for state and local governments
Developer of international accounting standards
Consists mainly of industrial accountants
Protector of the investing public
Current authoritative body for developing GAAP
The accounting profession's main organization of certified public accountants
Responses:
AICPA
FASB
GASB
IASB
IRS
IMA
SEC

Correct Answer:

Responsible for interpreting and enforcing tax laws
Establishes standards for state and local governments
Developer of international accounting standards
Consists mainly of industrial accountants
Protector of the investing public
Current authoritative body for developing GAAP
The accounting profession's main organization of certified public accountants
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