0
If the entity is a state or local governmental unit, it is subject to the reporting standards and requirements of the Government Accounting Standards Board.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who sets accounting standards for the government?
If the entity is a state or local governmental unit, it is subject to the reporting standards and requirements of the Government Accounting Standards Board.
What is The organization that sets accounting standards for private sector organizations in the US?
FASB (pronounced: faz-bee) standing for Financial Accounting Standards Board.
What organization that sets accounting standards for private sector organizations in the US is the?
FASB (pronounced: faz-bee) standing for Financial Accounting Standards Board.
Who sets US accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
Is conceptual framework a reporting standard?
Not exactly. The FASB conceptual framework sets the general philosophies that the specific reporting standards are based on. For example, the framework establishes that the accrual basis of accounting should be used; the idea that expenses should be matched with the corresponding revenues (the Matching Principle), the Principle of Conservatism, etc. The specific reporting standards generally work inside this framework, unless doing so would mislead financial statement users.
Which government agency sets wage standards?
Department of Labor
Who sets and enforces noise control standards for aircraft and airports?
The Federal Government
When the federal government sets environmental standards that every state must follow it is an exampl of?
regulated federalism
What is the one world government?
A one world government refers to one central government that sets the standards that the entire world must follow. This type of government may contain leaders from every nation.
Who sets the standards of the internet?
The W3C
Explain the advantages to uniform transmission standards and code sets?
do you think unifrom transmission standards and code sets were included in HIPAA?
Who set the standards for workplace competency?
who sets the standards for work place competency
