Which of the following has primary responsibility to develop Generally Accepted Accounting Principles?
Posted: Sat Aug 07, 2021 6:54 am
A) Financial Accounting Standards Board.
B) Company Executives.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: A
Explanation: The Securities and Exchange Commission has charged the Financial Accounting
Standards Board with developing Generally Accepted Accounting Principles.
B) Company Executives.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: A
Explanation: The Securities and Exchange Commission has charged the Financial Accounting
Standards Board with developing Generally Accepted Accounting Principles.