Question

The terms come from Chapter 1, but you are free to Google and use Wikipedia, etc. You can re-format the table anyway you want,

	Spell out words	5-6 word description (more if you wish). If you copy and paste, please cite and reference your source.	Most closely related to what other term on the list (use your judgement; will be lenient in grading)
FASB
IFRS
IASB
GAAP
SEC
AICPA
PCAOB
COSO

Answer 1

Spell out words Term Description Related with FASB financial Accounting Standards Board It is framed to improve principles of GAAP and setting accounting Standards closely related with GAAP Due to reframe ats brehuples. IFRS International Financial reporting standards SEC wants to defferentiate both GAAP & IFRS. I ASB International accounting Standards Board Poorides conceptual framework to financial reportering- It es requered to develop IFRS and accounting standards usefuel principle For envestors to make vational threstments. GAP Generally accepted al.counting principles SEC Secure tres & exchange commission Enforces Federal Securty laws. Related with IFRS. Because lebgradation Of IFRS framework Regulated by Securities & exchange Commission (SEC) Ruated to GAAP, IFRS, I ASB hooden to control theer steps. Related with HASB to thetrate amendments. ASSOuated witt AICPA to follow aliditing quidelines associated with Sec guidelines | ATCPA American institute of certified public accountants PCAOB Public Company accounting oversight board sets ethical Standards for aude'tring of Corporations. follows sox rules to oversight audit of public CD Related fraudulent activities in Corporation COSO committee of sponsoring organizations