Question

The journal of accountancy is written created but which organization?

                a. FASB

                b. IASB

                c. AICPA                                  

                d. SEC

Answer 1

Right answer is C. Journal of Accountancy is created by American Institute of CPA.

Published continuously since 1905, the Journal of Accountancy is the flagship publication of the American Institute of CPA. Its a monthly publication of the American Institute of Certified Public Accountants focusing on the latest news and developments related to the field of accounting, and written for CPAs and other accounting professionals.

A. The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest

B. The International Accounting Standards Board (IASB) is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRSs).

D. Securities and Exchange Commission (SEC) an US Government agency with the purpose of protecting investors from dangerous or illegal financial practices or fraud, by requiring full and accurate financial disclosure by companies offering stocks, bonds, mutual funds, and other securities to the public.