Let's match each organization to the set of accounting guidelines they are responsible for. ### 1. **Financial Accounting Standards Board (FASB)** - **Explanation:** The FASB is an independent organization in the United States that establishes accounting standards for financial reporting. The guidelines that FASB issues are known as "Generally Accepted Accounting Principles" (GAAP). - **Match:** - **FASB → Generally accepted accounting principles (GAAP)** ### 2. **International Accounting Standards Board (IASB)** - **Explanation:** The IASB is an international standard-setting body that develops and approves International Financial Reporting Standards (IFRS), which are used in many countries around the world. - **Match:** - **IASB → International financial reporting standards (IFRS)** --- ### **Final Answers:** a. **Generally accepted accounting principles (GAAP)** — **Financial Accounting Standards Board (FASB)** b. **International financial reporting standards (IFRS)** — **International Accounting Standards Board (IASB)**