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Bad White [126]
3 years ago
15

What would be the most useful source of current information about changes in laws or regulations applicable to accounting?

Business
1 answer:
snow_tiger [21]3 years ago
7 0

Answer:

D. Board of Accounting

Explanation:

Accounting bodies are national or international organizations whose mandate is to set accounting standards in the country. They help implement and enforces the Generally Accounting Accepted principles in the counties.

The Financial Accounting Standards Board(FABS) is the body responsible for developing and implementing the Generally Accounting Accepted standards In the US. It oversees the application of GAAP in public and private companies and profit and non-profit organizations. FABS sets and updates accounting and financial reporting rules in the country. Any changes in the law are done in consulting with this body. FABS will, therefore, have updated regulations regarding accounting practice in the country.

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