contestada

the financial accounting standards board (fasb) is a: group of answer choices private organization that is responsible for establishing financial accounting standards in the united states federal government agency that is responsible for establishing financial accounting standards in the united states united nations organization that is responsible for establishing financial accounting standards globally federal government agency that is responsible for establishing managerial accounting standards for nafta members federal government agency that mediates disputes between accountants and the companies they work for

Respuesta :

Parrain

The Financial Accounting Standards Board (FASB) is A. private organization that is responsible for establishing financial accounting standards in the United States.

What is the Financial Accounting Standards Board (FASB)?

In the interest of the general public, the Financial Accounting Standards Board (FASB) is a private, non-profit organization whose main goal is to create generally accepted accounting principles (GAAP) in the US.

The Securities and Exchange Commission (SEC) selected the FASB as the body in charge of establishing accounting guidelines for American public companies. It was established in 1973 and took the place of the American Institute of Certified Public Accountants' Committee on Accounting Procedure (CAP) and Accounting Principles Board (APB) (AICPA).

The FASB is not a part of the government. Under the Securities Exchange Act of 1934, the Securities and Exchange Commission (SEC) has the ability to impose financial accounting and reporting requirements for publicly owned businesses.

Find out more on the Financial Accounting Standards Board at https://brainly.com/question/25655901

#SPJ1

Otras preguntas