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Knowledge Check Select the term that best matches each description. A set of standards and...

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Accounting

Knowledge Check
Select the term that best matches each description.
A set of standards and rules that are recognized as a general guide for financial reporting
The agency of the U.S. government that oversees U.S. financial markets and accounting standard-setting bodies
The primary accounting standard-setting body in the United States
Determines U.S. auditing standards and reviews the performance of auditing firms
Issues standards which have been adopted by many countries outside of the United States
Generally Accepted Accounting Principles
Securities and Exchange Commission
Generally Accepted Accounting Principles
International Accounting Standards Board
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