All but One of the Following Statements Indicates a Difference

Multiple Choice

All but one of the following statements indicates a difference between the Financial Accounting Standards Board (FASB) and prior approaches.Select the one that is not a difference.

A) The FASB is independent of the AICPA.
B) The size of the board is much smaller.
C) The FASB has broader representation.
D) The FASB is the primary board for the development of generally accepted accounting principles.
E) Members of the FASB serve on a full-time basis.