Final answer:
The ARSC (Accounting and Review Services Committee) is the senior technical committee designated by the AICPA bylaws for issuing pronouncements on unaudited financial statements or other unaudited financial information for nonissuers. The ARSC provides guidelines ensuring quality and uniformity for non-public entities, which differ from the responsibilities of the FASB or GASB. d) ARSC (Accounting and Review Services Committee)
Step-by-step explanation:
In the realm of accounting, specifically regarding nonissuer entities, the entity designated by the AICPA bylaws as the senior technical committee authorized to issue pronouncements in connection with the unaudited financial statements or other unaudited financial information is the ARSC (Accounting and Review Services Committee).
The FASB (Financial Accounting Standards Board) focuses on establishing standards for public and private companies, and the GASB (Governmental Accounting Standards Board) is concerned with the accounting standards for state and local governments. The ASB (Accounting Standards Board) is part of the overall structure of the AICPA, but it does not hold the same authority as the ARSC concerning unaudited financial information for nonissuers.
When practitioners are engaged to prepare, compile, or review financial statements for nonissuers, it is the ARSC's standards they must adhere to. The pronouncements issued by ARSC provide guidelines to assist practitioners in achieving a high level of quality and uniformity in their engagement with nonissuer clients. This encompasses a variety of non-public entities including privately-held businesses, nonprofits, and other organizations not required to conduct fully audited financial statements or SEC filings.