Three groups that participate in the process of establishing GAAP are users, preparers, and auditors. These groups are represented by various organizations. For each organization listed below, indicate which of these groups it primarily represents. 1. Securities and Exchange Commission
2. Financial Executives International
3. American Institute of Certified Public Accountants
4. Institute of Management Accountants
5. Association of Investment Management and Research
E 1-5 Participants in establishing GAAP. Three groups that participate in the process of establishing GAAP are users, preparers, and auditors.

The name of a group is based on whether the group is a user of GAAP or a preparers of GAAP or an auditor of GAAP

The group which an organization represents should be indicated as follows:

              Organisation                                                Group

1. Securities and Exchange Commission                  Preparers

2. Financial Executives International                         Users

3. American Institute of Certified Public                   Auditors

   Accountants

4. Institute of Management Accountants                   Users

5. Association of Investment Management              Users

    and Research

b is the correct answer

answer; ///liability;