Accounting question.... too complicated for me..?
1) The Governmental Accounting Standards Board
a) oversees the activities of the SEC
b) is a private-sector body, which addresses state and local governmental reporting issues.
c) is a division of the securities and exchange commission, which oversees the corporate accouting in annual reports.
d) was terminated when the financial accounting standards board was created.
2) The governmental accounting standards board's main purpose is to develop standards for
a) the general accounting office
b) the federal government
c) state and local government
d) the internal revenue service.
i think the answer to the first question is C but i m not sure... so plzz help...
- MarcLv 71 decade agoFavorite Answer
The Governmental Accounting
Standards Board (GASB) is the
independent organization that
establishes and improves standards
of accounting and financial
reporting for U.S. state and local
governments.Source(s): GASB.org web site
- 1 decade ago
just google it.