... financial standards issued by the FASB b .Accounting interpretations issued by the FASB c.APB Opinions d .Accounting research studies issued by the AICPA The Governmental Accounting Standards Board ... universal application c.both a and b d.neither a nor b The major distinction between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Board (APB), is ... how to account for new and unusual financial transactions that need to be resolved quickly The purpose of the International Accounting Standards Board is to a.issue enforceable standards which...