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ACCT 102 Midterm #1

GAAP Generally Accepted Accounting Principles
IFRS International Financial Reporting Standards
IASB International Accounting Standards Board
FASB Financial Accounting Standards Board
PCAOB Public Company Accounting Oversight Board
What does the PCAOB do? Oversees the auditors of companies
AICPA American Institute of Certified Public Accountants
NYSSCPA NYS Standards for Certified Public Accountants
SEC Securities Exchange Commission
What does the SEC do? Prevents and punishes insider trading
IRS Internal Revenue Service
Created by: cindysmile79