CFA Practice Question

There are 253 practice questions for this study session.

CFA Practice Question

The FASB is:
A. an independent regulator.
B. a self-regulating organization.
C. both an independent regulator and a self-regulating organization.
Explanation: The FASB issues accounting standards and guidance, but it has no regulatory powers. Self-regulating organizations given recognition and authority by a government body or agency are independent regulators.

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