The financial accounting standards board (fasb) multiple choice consists entirely of members of the american institute of certified public accountants. is responsible for setting auditing standards that all auditors must follow. is a division of the securities and exchange commission (sec). is a private body that set accounting standards in the united states.

The Financial Accounting Standards Board (FASB) "is a private body that helps set accounting standards in the United States."

Explanation:

The Financial Accounting Standards Board is a private nonprofit body that are tasked with the responsibility of establishing financial reporting and accounting standards for profit and non-profit organization present in the United States, following GAAPs. The body was established in 1973 and is known to be under the private sector.

the magna carta is a peace treaty between the king and the rebels. it was made because the the barons captured london in may 1215, so the king was forced to make a treaty with them.the document is written in latin.

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the chair is the committee member from the majority party who has the most seniority. in the south carolina senate, the chair is the committee member from the majority party who has the most committee seniority.