Answered

IDNLearn.com: Where questions are met with accurate and insightful answers. Our platform offers reliable and detailed answers, ensuring you have the information you need.

Type the correct answer in the box. Spell all words correctly.

Which board sets these standards?

Many countries, including the United States, follow the accounting standards that the _____ Standard Board issues.

Sagot :

GinnyAnsweridn

Final answer:

The FASB sets accounting standards such as GAAP for publicly-traded companies and non-profits to ensure consistency and transparency in financial reporting.


Explanation:

The Financial Accounting Standards Board (FASB) sets the accounting standards followed by many countries, including the United States. FASB produces the Generally Accepted Accounting Principles (GAAP) for publicly-traded companies and non-profits. These standards are crucial for ensuring consistency and transparency in financial reporting.


Learn more about Accounting standards setting here:

https://brainly.com/question/33718413


Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.