Countries outside the U.S. use financial accounting standards issued by the:
A) AICPA
B) SEC
C) IASB
D) FASB

Question

Quizplus · Accepted Answer

Countries outside the U.S. typically use financial accounting standards issued by the International Accounting Standards Board (IASB). The American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and Financial Accounting Standards Board (FASB) are all U.S.-based organizations that primarily develop accounting standards for use within the U.S.

Countries Outside the U