Listed on the following page are phrases with the appropriate acronym. Match the letter that goes with each definition.
a. Generally accepted accounting principles (GAAP)
b. Securities and Exchange Commission (SEC)
c. Financial Reporting Releases (FRRs)
d. American Institute of Certified Public Accountants (AICPA)
e. Certified public accountants (CPAs)
f. Accounting Principles Board (APB)
g. Accounting Principles Board Opinions (APBOs)
h. Accounting Principles Board Statements (APBSs)
i. Financial Accounting Standards Board (FASB)
j. Financial Accounting Foundation (FAF)
k. Financial Accounting Standards Advisory Council (FASAC)
l. Statements of Financial Accounting Standards (SFASs)
m. Statements of Financial Accounting Concepts (SFACs)
n. Discussion Memorandum (DM)
o. Exposure Draft (ED)
p. Accounting Standards Executive Committee (AcSEC)
q. Statements of Position (SOP)
r. Emerging Issues Task Force (EITF)
s. Public Company Accounting Oversight Board (PCAOB)

1. Accounting principles that have substantial authoritative support
2. A task force of representatives from the accounting profession created by the FASB to deal with emerging issues of financial reporting
3. A proposed Statement of Financial Accounting Standards
4. Issued by the Accounting Standards Division of the AICPA to influence the development of accounting standards
5. Created by the Securities Exchange Act of 1934
6. A professional accounting organization whose members are certified public accountants
7. Issued official opinions on accounting standards between 1959 and 1973
8. Represent views of the Accounting Principles Board but not the official opinions
9. This Board issues four types of pronouncements: (1) Statements of Financial Accounting Standards, (2) Interpretations, (3) Technical bulletins, and (4) Statements of Financial Accounting Concepts
10. Governs the Financial Accounting Standards Board
11. These statements are issued by the Financial Accounting Standards Board and establish GAAP for specific accounting issues
12. Statements issued by the Financial Accounting Standards Board to provide a theoretical foundation on which to base GAAP; they are not part of GAAP
13. Serves as the official voice of the AICPA in matters relating to financial accounting and reporting standards
14. Presents all known facts and points of view on a topic; issued by the FASB
15. Responsible for advising the FASB
16. Represented official positions of the APB
17. An accountant who has received a certificate stating that he or she has met the requirements of state law
18. Issued by the SEC and give the SEC’s official position on matters relating to financial statements
19. Adopts auditing standards