The three organizations that set standards for state and local governments, the federal government, and nongovernmental not-for- profit organizations are described below. Identify each of the organizations. a. Establishes accounting and reporting standards for the federal government and its agencies unless objected to by one of the "principals" (the director of the office of management and budget, the comptroller general of the united states, and the secretary of the treasury). b. Sets accounting and financial reporting standards for profit seeking businesses and for nongovernmental, not-for-profit entities. C. Sets accounting and financial reporting standards for state and local governmental organizations, including those not-for-profit organizations that are determined to be state and local governments