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Accountants Are Regulated by a Variety of Organizations

Question 45

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Accountants are regulated by a variety of organizations. Match the following statements with the most directly related organizations. Organizations may be used once or not at all.

Premises:
Formed to improve standards of financial accounting for state and local government entities.
Develop accounting standards for public and nonpublic companies.
Issue CPA certificates.
Develop accounting standards for the U.S. Government.
Issue auditing standards for public companies.
Prepares the CPA exam.
Responses:
Government Accounting Standards Board.
Auditing Standards Board.
State Boards of Accountancy.
Public Company Accounting Oversight Board.
Federal Accounting Standards Advisory Board.
American Institute of Certified Public Accountants.
General Accounting Office.
Securities and Exchange Commission.
Financial Accounting Standards Board.
Accounting and Review Services Committee.

Correct Answer:

Government Accounting Standards Board.
Auditing Standards Board.
State Boards of Accountancy.
Public Company Accounting Oversight Board.
Federal Accounting Standards Advisory Board.
American Institute of Certified Public Accountants.
General Accounting Office.
Securities and Exchange Commission.
Financial Accounting Standards Board.
Accounting and Review Services Committee.
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