Wayne Rogers, an administrator at a major university, recently said, "I've got some CDs in my IRA, which I set up to beat the IRS." As elsewhere, in the world of accounting and finance, it often helps to be fluent in abbreviations and acronyms.
Instructions
Presented below is a list of common accounting acronyms. Identify the term for which each acronym stands, and provide a brief definition of each term. (a) AICPA (e) FAF (i) CPA (b) CAP (f) FASAC(j) FASB (c) ARB (g) SOP (k) SEC (d) APB (h) GAAP (l) IASB