Question

Match the term with the correct definition. A Y A global federation of accountants An independent standard-setting body, which issues authoritative standards for governmental entities A senior technical committee of the AICPA, which A. IFAC issues SASS B. SEC Issues Financial Reporting Releases and Accounting C. AAA and Auditing Enforcement Releases D. PCAOB The body, which issues Statements on Standards for E. FASB Accounting and Review Services F. CAP Responsible for setting auditing standards for public G. ARSC company audits H. AICPA Issued Statehrents on Auditing Procedure from 1939- | ASB 1972 J. GASB A professional trade association of CPAs C. An organization of accounting educators - Issues Statements of Financial Accounting Standards

Principles of accounting
chapter 1

Sorry It's "Principles of Auditing"

Answer 1

1. Global Federation of Accountants –

IFAC – International Federation of Accountants

2. An independent standard setting body, which issues authoritative standards for governmental entities –

GASB – Government Accounting Standard Board

3. A senior technical committee of the AICPA, which issues SASs –

ASB – Accounting Standard Board

4. Issues financial reporting releases and accounting and auditing enforcement releases -

SEC

5. The body which issues statement on standards for accounting and review services –

ARSC – Accounting and review services committee

6. Responsible for setting auditing standards for public company audits –

PCAOB – The Public Company Accounting Oversight Board

7. Issued statement on Auditing procedure from 1939-1972 –

CAP – Committee on accounting procedure

8. A professional trade association of CPAs

AICPA – The American institute of certified public accountants

9. An organisation of accounting educators

AAA – American Accounting Association

10. Issues statements of financial Accounting Standards –

FASB – Financial Accounting Standard Board