Q 4. In the US, who has the authority to prescribe accounting practices and procedures for all public oil and gas companies and to prescribe the form and content of financial reports? (0.25 marks) a) Internal Revenue Service b) FASB c) SEC d) COPAS Q 4. In the US, who has the authority to prescribe accounting practices and procedures for all public oil and gas companies and to prescribe the form and content of financial reports? (0.25 marks) a) Internal Revenue Service b) FASB c) SEC d) COPAS