Multiple Choice
Match the letter of each phrase with the appropriate definition.
-Responsible for adopting auditing standards.
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
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
Q25: Private companies are required to report under
Q26: The principle that assumes the reader of
Q27: Using the business entity assumption,the financial statements
Q28: Which of the following does not relate
Q29: Match the letter of each principle or