Match each of the organizations listed below with the statement that most adequately describes the role of the group. Securities and Exchange Commission International Accounting Standards Board...

Match each of the organizations listed below with the statement that most adequately describes the role of the group.

Securities and Exchange Commission

International Accounting Standards Board

Financial Accounting Standards Board

American Institute of Certified Public Accountants

________________________________ 1. The federal agency with ultimate authority to determine rules used for preparing financial statements for companies whose stock is sold to the public

________________________________ 2. The group in the private sector with authority to set accounting standards

________________________________ 3. The professional organization for certified public accountants

________________________________ 4. The organization formed to develop worldwide accounting standards