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Accounting Related Agencies
Names and descriptions of various agencies involved in overseeing accounting law and practice
4
Accounting
Undergraduate 2
07/15/2011
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Term

 

SEC

 

 Definition
  • Securities and Exchange Commission.
  • Federal agency that regulates the capital markets (debt and equity investments) for publicly held businesses.
Term
FASB
 Definition
  • Financial Accounting Standards Board.
  • A public institution that administers GAAP.
Term
AICPA
 Definition
  • Association of Institute Certified Public Accountants.
  • Provides licensing to CPA's.
  • Establishes standards of auditing and professional conduct for CPA's and encourages compliance with those behaviors.
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