what are the governing bodies for the accounting profession?

Hello everyone I have a quick question I am taking a accounting class and I have to write a 1250 word paper on this question below. I am not asking for someone to do it for me just the basic question and where I can find more information on it so I can do the work myself. Again thank you all in advance.......!!!

what are the governing bodies for the accounting profession?

What are the responsibilities of each organization?

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  • Anonymous
    1 decade ago
    Favorite Answer

    I am happy to get you started on your path.

    You'll want to become familiar with the following:

    The Financial Accounting Standards Board (FASB)

    The American Institute of Certified Public Accountants (AICPA)

    Public Company Accounting Oversight Board (PCAOB)

    International Accounting Standards Board (IASB)

    Securities and Exchange Commission (SEC)

    The above are the more well known and somewhat more important governing bodies. Other governing bodies include:

    Insititue of Internal Auditors (IIA)

    Committee of Sponsoring Organizations of the Treadway Commission (COSO)

    Governmental Accounting Standards Board (GASB)

    Independence Standards Board (ISB)

    Below are links to some of the websites. You can also use Wikipedia for a good summary as well.

    Good luck.

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  • dewan
    Lv 4
    3 years ago

    Accounting Governing Bodies

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  • Sarah
    Lv 4
    4 years ago

    For the best answers, search on this site https://shorturl.im/axO2j

    GAAPP. Generally Accepted Accounting Practice Procedures.

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