Question Details

Which of the following pronouncements were issued by the Accounting Principles Board 



1.	FASB Technical Bulletins
a.	are similar to FASB Interpretations in that they establish enforceable standards under the AICPA's Code of Professional Ethics.
b.	are issued monthly by the FASB to deal with current topics.
c.	are not expected to have a significant impact on financial reporting in general and provide guidance when it does not conflict with any broad fundamental accounting principle.
d.	were recently discontinued by the FASB because they dealt with specialized topics having little impact on financial reporting in general.

	2.	The purpose of the Emerging Issues Task Force is to
a.	develop a conceptual framework as a frame of reference for the solution of future problems.
b.	lobby the FASB on issues that affect a particular industry.
c.	do research on issues that relate to long-term accounting problems.
d.	issue statements which reflect a consensus on how to account for new and unusual financial transactions that need to be resolved quickly.

	3.	The American Institute of Certified Public Accountants (AICPA) continues to be involved in all of the following except
		a.	developing and enforcing professional ethics.
		b.	developing auditing standards for public companies.
		c.	providing professional education programs.
		d.	All of the answer choices are correct.

	4.	Which of the following pronouncements were issued by the Accounting Principles Board ?
		a.	Accounting Research Bulletins
		b.	APB Opinions
		c.	APB Statements of Position
		d.	Statements of Financial Accounting Concepts

	5.	Which of the following organizations has not been instrumental in the development of financial accounting standards in the United States?
a.	AICPA
b.	FASB
c.	IASB
d.	SEC



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