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3 October, 01:37

13. What entity is responsible for overseeing the accounting profession?

a. The SEC

b. The President

c. The AICPA

d. The IRS

e. I do not know

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Answers (2)
  1. 3 October, 01:44
    0
    Answer: C - AICPA - American Institute of Certified Public Accountants

    Explanation: AICPA also known as The American Institute of Certified Public Accountants is a body of Certified Public Accountants in the US. They are responsible for setting the ethical, generally accepted professional and technical standards for the profession.

    They provide all relevant knowledge, resources and legal backing for the profession.

    They are guided by the Generally Accepted Accounting Principles when preparing financial documents.
  2. 3 October, 02:03
    0
    Answer: C

    Explanation:

    AICPA-- - American Institute of certified public accountants is a non-profit organization that has over 1000 + registered members and over sees accounting profession
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