Which of the following statements correctly identifies accounting standard setters? The FASB promulgates accounting standards in the U$.$S$.$ and the IRS issues international accounting standards. The AICPA promulgates accounting standards in the U$.$S$.$ and the IASB issues international accounting standards. The FASB promulgates accounting standards in the U$.$S$.$ and the IASB issues international accounting standards. The AICPA promulgates accounting standards in the U$.$S$.$ and the IRS issues international accounting standards.