Which Organization Has the Highest Level of Authority for Setting

Multiple Choice

Which organization has the highest level of authority for setting GAAP for nongovernment, not-for-profit organizations?

A) Financial Accounting Standards Board (FASB) .
B) Governmental Accounting Standards Board (GASB) .
C) American Institute of Certified Public Accountants (AICPA) .
D) National Council on Governmental Accounting (NCGA) .