Question

AICPA applies to which types, private governmental or investor-owned?

a) Private
b) Governmental
c) Investor-owned
d) All of the above

Answer 1

The AICPA applies to private, governmental, and investor-owned types. The correct option is D.

Step-by-step explanation:

The AICPA, or the American Institute of Certified Public Accountants, applies to all of the above mentioned types: private, governmental, and investor-owned.

The AICPA is a professional organization representing certified public accountants in the United States.

It sets ethical and technical standards for the accounting profession and provides guidance and support to its members.

For example, the AICPA develops and updates the Generally Accepted Accounting Principles (GAAP)

That are used to prepare financial statements for both public and private companies, including those in the private, governmental, and investor-owned sectors. The correct option is D.