Organizations and Accounting Match each of the organizations listed below with the statement that most adequately describes the role of the group.

Securities and Exchange Commission International Accounting Standards Board Financial Accounting Standards Board American Institute of Certifi ed Public Accountants ______________________ 1. The federal agency with ultimate authority to determine rules used for preparing fi nancial statements for companies whose stock is sold to the public ______________________ 2. The group in the private sector with authority to set accounting standards ______________________ 3. The professional organization for certifi ed public accountants ______________________ 4. The organization formed to develop worldwide accounting standards AppendixLO1