The general purpose financial statements most frequently provided include all of the following except the balance sheet. income statement. statement of cash flows. statement of retained earnings. QUESTION 2 Which of the following organizations is currently responsible for setting U.S. accounting standards? The Accounting Principles Board (APB). The Committee on Accounting Procedure. The Financial Accounting Standards Board (FASB). The International Accounting Standards Board (IASB). QUESTION 3 Which of the following organizations has not been instrumental in the development of financial accounting standards in the United States? AICPA FASB IASB SEC