Match the acronym with the description that best reflects it. (There are more descriptions than acronyms.)
A. FASB
B. IASB
C. SEC
D. GAAP
E. SOX
F.
G.
H. PCAOB
I. AICPA
J.
A. The Board that establishes the accounting rules that govern American owned corporations.
B. The Board that establishes international accounting standards.
C. This organization regulates activities associated with the stock market such as the reporting of financial data by publicly owned companies.
D. Rules of financial accounting created by the FASB for use in the United States.
E. A set of laws established to strengthen corporate reporting in the United States.
F. The U.S. agency that certifies foreign accounting firms to practice in the U.S.
G. The U.S. agency that must approve mergers between very large publicly owned corporations.
H. The U.S. Board that approves the rules for auditing publicly owned companies.
I. The national professional organization of accountants.
J. The organization that establishes business laws in the U.S.
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