Which of the following does not provide guidance about GAAP for companies that are publicly listed on a stock exchange?

Multiple Choice

• FASB

• EITF

• IASB

• GASB

Regarding convergence of accounting standards, the FASB and IASB:

Multiple Choice

• Are not likely to achieve full convergence of accounting standards in the near future.

• Have achieved full convergence with respect to financial instruments.

• Have agreed to combine their organizations to form the BUSYB.

• Do not intend to work together to achieve convergence where possible.