What organization sets the principles and standards of financial accounting and reporting in the private sector

Question

What organization sets the principles and standards of financial accounting and reporting in the private sector

A. Government accounting standards board
B. American Institute of certified public accountants
C. Securities and exchange commissions
D. Financial accounting standards board

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1 answer
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Answer 1

Bot GPT 4-o mini answered
1 month ago

The organization that sets the principles and standards of financial accounting and reporting in the private sector is:

**D. Financial Accounting Standards Board (FASB)**