Respuesta :
GASB is the organization that oversees GAAP for governmental organizations. Hence, Option C is the correct statement.
What do you know about GASB?
The Governmental Accounting Standards Board units requirements that comply with Generally Accepted Accounting Principles (GAAP).
These requirements are meant to promote financial reporting and offer beneficial records to corporations and folks who use economic reports, inclusive of public officials, traders, and taxpayers.
GAAP (generally accepted accounting principles) is a group of normally accompanied accounting regulations and requirements for financial reporting.
Therefore, GASB is the organization that oversees GAAP for governmental organizations. Option C is the correct statement.
Learn more about GASB:
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