Question: Which entity is the recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies? Financial Accounting Standards Board (

Which entity is the recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies?
Financial Accounting Standards Board (FASB)
Defense Contract Audit Agency (DCAA)
Internal Revenue Service (IRS)
U.S. Treasury Department
Accounting Principles Board (APB)
American Institute of Certified Public Accountants (AICPA)

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