Final answer:
The Financial Accounting Standards Board (FASB) requires members to prepare financial statements according to GAAP. Professional organizations often have codes of ethics that their members must follow, including those in the fields of science and technology, exemplified by the IEEE Computer Society's Code of Ethics for software engineers. The correct answer is option B. International Accounting Standards Board (IASB).
Step-by-step explanation:
The entity that requires members to prepare financial statements in accordance with GAAP (Generally Accepted Accounting Principles) is the Financial Accounting Standards Board (FASB). The FASB is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information.
Within professional organizations, there is a common expectation for members to adhere to certain ethical guidelines and standards of practice. For instance, the IEEE Computer Society adopted a Code of Ethics, particularly for software engineers, ensuring that they commit to delivering software that aligns with specifications, safety standards, and does not adversely affect privacy or the environment, indicating the broader corporate responsibility towards society.