$07.$Which of the following organizations is tasked with considering accounting issues of limited importance and scope, requiring technical guidance, which could be resolved quickly?

Select one:

a$.$

Emerging Issues Task Force $($EITF$).$

b$.$

Financial Accounting Standards Advisory Council $($FASAC$).$

c$.$

Both A and C are correct

d$.$

Financial Accounting Standards Board $($FASB$).$

e$.$

Securities and Exchange Commission $($SEC$).$