... current standard-setting board for accounting in the private sector is the Answer Financial Accounting Standards Board (FASB) Securities and Exchange Commission (SEC) International Accounting Standards... worldwide accounting standards is the Answer International Committee on Accounting Standards (ICAS) International Accounting Standards Board (IASB) International Board of Accounting Standards (IBAS)... concerned with providing information for external users is referred to as Answer Financial accounting Governmental accounting Management accounting Not -for- profit accounting Add Question Here