elect the description related to the organization. Organizations a SEC b FASB c GAO Description e FASAB t PCAOB 9 AICPA h GASB Administers the Securities Acts. Body designated to establish accounting standards for entities other than state and local governments. Body designated to establish accounting standards for state and local governments. Body designated to establish accounting standards for the federal government. Group created to oversee and discipline CPAs and public accounting firms that audit public companies. International organization of internal auditors. National organization of CPAs The audit arm of Congress