Financial accounting and reporting standards in the United States are established primarily by the:

Question

Zoie Hatfield

Business

25 January, 18:13

Financial accounting and reporting standards in the United States are established primarily by the:

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Answers (1)

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Jewel Padilla · Answer 1

Financial Accounting standards Board (FASB)

Explanation:

Financial Accounting Standards Board (FASB) is a private body that works as a non-profit organization that main purpose is established accounting principles in the united states. FASB work for the government, private and for a non-profit organization to prepare and present their financial statement.

FASB working with international accounting standard boards for maintaining and preparing standards worldwide