which-organization-is-responsible-for-setting-the-gaap-standards-in-the-united-s

Question

Which organization is responsible for setting the GAAP standards in the United States?

Accepted Answer

Financial Accounting Standards Board (FASB)

Answer

International Accounting Standards Board (IASB)

Answer

Securities and Exchange Commission (SEC)

Answer

American Institute of Certified Public Accountants (AICPA)