Question: The three organizations that set standards for state and local governments, the federal government, and nongovernmental not - fo profit organizations are described below. Identify
The three organizations that set standards for state and local governments, the federal government, and nongovernmental notfo profit organizations are described below. Identify each of the organizations.
tableatableEstablishes accounting and reporting standards for the federal government and itsagencies unless objected to by one of the "principals" the director of the office ofmanagement and budget, the comptroller general of the united states, and thesecretary of the treasurybtableSets accounting and financial reporting standards for profit seeking businesses andfor nongovernmental, notforprofit entities.ctableSets accounting and financial reporting standards for state and local governmentalorganizations including those notforprofit organizations that are determined to bestate and local governments.
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