1. (GAAP Terminology) Wayne Rogers, an administrator at a major university, recently said, "I've got some CDs in my IRA, which I set up to beat the IRS." As elsewhere, in the world of accounting and finance, it often helps to be fluent in abbreviations and acronyms. Presented below is a list of common accounting acronyms. Identify the term for which each acronym stands, and provide a brief definition of each term.
(a) AICPA
(b) CAP
(c) ARB
(d) APB
(e) FAF
(f) FASAC
(g) SOP
(h) GAAP
(i) CPA
(j) FASB
(k) SEC
(l) IASB