Acronyms

Question 1

NAIC

Answer 1

National Association of Insurance Commissioners

org. of state reguulators that facil. and coord. governance across US

Odomirok 1 pg 9

Question 2

SEC

Answer 2

Securities and Exchange Comission

Authoritative body for establishing accounting and reporting standards

Odomirok 1 pg 9

Question 3

FASB

Answer 3

Financial Accounting Standards Board

Designated by SEC to develop and establish GAAP, SEC monitors

Odomirok 1 pg 10

Question 4

IFRS

Answer 4

International Financial Reporting Standards

Accounting framework used by many countries outside the U.S.

Odomirok 1 pg 11

Question 5

SVO

Answer 5

Security Valuation Office

Assigns NAIC designation 1-6 to bonds

Odomirok 7 pg 28