Multiple Choice
Listed below are ten organizations followed by a list of phrases that describe or characterize the organizations. Match each phrase with the correct organization.
-IASB
A) FASB's predecessor.
B) Primary national organization of accountants working in industry.
C) Regulates the financial reporting for public companies.
D) The FASB's parent organization.
E) National organization of certified public accountants.
F) Sets accounting standards in the United States.
G) Provides timely responses to financial reporting issues.
H) Advises the FASB
I) Sets global accounting standards.
J) Establishes auditing standards in the US for public companies.
Correct Answer:
Verified
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