GAAPs are created and maintained by which organization?

The correct answer is B. AICPA. Generally Accepted Accounting Principles (GAAP) are established and maintained by the American Institute of Certified Public Accountants (AICPA), in coordination with the Financial Accounting Standards Board (FASB). GAAP provides the framework of accounting standards, conventions

Submitted by kev92· Apr 18, 2026Legal, Risk and Compliance

Question

Options

AISO/IEC
BAICPA
CPCI Council
DISO

How the community answered

(26 responses)

A
4% (1)
B
92% (24)
D
4% (1)

Explanation

Generally Accepted Accounting Principles (GAAP) are established and maintained by the American Institute of Certified Public Accountants (AICPA), in coordination with the Financial Accounting Standards Board (FASB). GAAP provides the framework of accounting standards, conventions, and rules used in the United States. ISO/IEC focuses on international technology standards, PCI Council manages payment card industry standards, and ISO is a general international standards body - none of these govern accounting principles.

Topics

#GAAP#AICPA#Compliance#Accounting Standards

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