Which of the Following Is True of the Financial Accounting

Multiple Choice

Which of the following is true of the Financial Accounting Standards Board

A) It has issued a series of pronouncements entitled Auditing Standards Updates.
B) It was the forerunner of the current Accounting Principles Board.
C) It is the arm of the Securities and Exchange Commission responsible for setting financial accounting standards.
D) The members of the FASB are appointed by the Financial Accounting Foundation.