Required: The Finance Manager at Shazam Adoption Agency wanted more background on the agencies that are involve with setting accounting standards and asked you to do some research on the missing pieces of information below. Agency Securities and Exchange Commission The American Institute of CPAs Financial Accounting Standards Board International Accounting Standards Board Government Accounting Standards Board The Ohio Society of CPAs Public Company Accounting Oversight Board Identify the agency that matches the description below: Initialism SEC AICPA FASB IASB GASB OSCPA PCAOB Chair International body set to achieve consistency in accounting standards Regulates state and local governmental reporting issues. Federal agency with oversight powers of accounting standards. A student should become a member of this organization during college! It's free. Establishes and improves US reporting standards. Private sector agency. Authors of Generally Accepted Auditing Standards (GAAS) All things CPA exam.