Which of the Following Is Not True About the FASB

Multiple Choice

Which of the following is not true about the FASB?

A) It considers the economic consequences of proposed accounting policies.
B) It has seriously considered the question of the desirability of corporate social responsibility accounting.
C) It is sensitive to whether there are sufficient benefits to external users to warrant the imposition of new accounting standards.
D) The FASB has commissioned studies to aid in assessing the effects of proposed standards on firms.