CDFM Module 3 Practice Questions - CDFM Module 3 - Accounting & Finance Exam

Which organization issues federal accounting standards (SFFAS) recognized as GAAP for U.S. federal entities?

Federal Accounting Standards Advisory Board (FASAB) Financial Accounting Standards Board (FASB) Governmental Accounting Standards Board (GASB) Government Accountability Office (GAO)

Correct Answer:

Federal Accounting Standards Advisory Board (FASAB)

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