Multiple Choice
Match the letter of each phrase with the appropriate definition.
-A professional accounting organization whose members are certified public accountants (CPAs) .
A) Generally Accepted Accounting Principles (GAAP)
B) Securities and Exchange Commission (SEC)
C) American Institute of Certified Public Accountants (AICPA)
D) Accounting Principles Board (APB)
E) Financial Accounting Standards Board (FASB)
F) Statements of Financial Standards (SFAS)
G) Discussion Memorandum (DM)
H) Statements of Position (SOP)
I) Emerging Issues Task Force (EITF)
J) Financial Reporting Releases (FRRs)
K) The Public Company Accounting Oversight Board (PCAOB)
Correct Answer:

Verified
Correct Answer:
Verified
Q13: By law,the setting of accounting standards is
Q14: Charging off equipment that cost less than
Q15: Match the letter of each phrase with
Q16: Among the many responsibilities of the PCAOB
Q17: Match the letter of each element with
Q19: Match the letter of each phrase with
Q20: Match the letter of each element with
Q21: Decision usefulness is a pervasive constraint imposed
Q22: Match the letter of each element with
Q23: All important events that influence the prospects