paragraph_text: The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.

paragraph_text: The chair is chosen by the President of the United States from among the members of the Board of Governors; and serves for four - year - terms after appointment. A chair may be appointed for several consecutive terms. William Martin was the longest serving chair, holding the position from 1951 to 1970.

paragraph_text: Lemos is the director of the Institute for Technology & Society of Rio de Janeiro (ITSrio.org), and professor at the Rio de Janeiro State University's Law School. He is also a partner with the law firm Pereira Neto Macedo, and a board member of various organizations, including the Mozilla Foundation, Accessnow.org, and Stellar. He was nominated a visiting professor of Law, Technology and Policy at Columbia University´s School of International Public Affairs in 2017 and 2018 . He was appointed as a Young Global Leader by the World Economic Forum in 2015. He was appointed in November 2015 as a fellow by Ashoka, a civil society organization founded by Bill Drayton.

paragraph_text: The auditor's report on the financial statements typically provides very limited details on the procedures and findings of the audit. In contrast, auditors provide much more detail to the board of directors or to the audit committee of the board. Beginning in 2002, many countries have tasked the audit committee with primary responsibility over the audit. For example, in the United States, section 204 of the Sarbanes - Oxley Act passed in 2002 required auditors to communicate certain information to audit committees, which were required to be entirely independent, and also made the audit committee responsible for the auditor's hiring. In August 2012, the U.S. Public Company Accounting Oversight Board finalized Auditing Standard No. 16, which requires additional communications to the audit committee.

paragraph_text: On 27 July 1793, Maximilien Robespierre was elected to the Committee. At this time, the Committee was entering a more powerful and active phase, which would see it become a de facto dictatorship alongside its powerful partner, the Committee of General Security. The role of the Committee of Public Safety included the governance of the war (including the appointment of generals), the appointing of judges and juries for the Revolutionary Tribunal, the provisioning of the armies and the public, the maintenance of public order, and oversight of the state bureaucracy.

paragraph_text: The National Labor Relations Board (NLRB) is an independent US government agency with responsibilities for enforcing US labor law in relation to collective bargaining and unfair labor practices. Under the National Labor Relations Act of 1935 it supervises elections for labor union representation and can investigate and remedy unfair labor practices. Unfair labor practices may involve union - related situations or instances of protected concerted activity. The NLRB is governed by a five - person board and a General Counsel, all of whom are appointed by the President with the consent of the Senate. Board members are appointed to five - year terms and the General Counsel is appointed to a four - year term. The General Counsel acts as a prosecutor and the Board acts as an appellate judicial body from decisions of administrative law judges.

paragraph_text: Oscar Munoz (born January 1959) is an American businessman. He was named president and chief executive officer (CEO) of United Airlines on September 8, 2015. At the time of this appointment, Munoz had been serving as a member of the board of directors of parent company United Continental Holdings (UCH) since its formation with the 2010 merger between United and Continental. Munoz had been a member of Continental's board of directors since 2004.

paragraph_text: The Board consists of 25 other non-official members and a Chairperson (all of whom are appointed by Central Government). Prasoon Joshi currently presides the board, being appointed as the 28th Chairperson of the Board on 11 August 2017, after the ouster of Pahlaj Nihalani, who was preceded by Leela Samson who had resigned after the CBFC's rejection of a certificate for the film MSG: Messenger of God was overturned by an appellate tribunal. Earlier, Leela Samson had succeeded Sharmila Tagore, who was the longest continuous running Chairperson in the history. Nihalani was the 27th Chairperson after the Board's establishment. His appointment was highly controversial given his propensity for censoring films instead of merely certifying them.

paragraph_text: The Institute of Chartered Accountants in England and Wales (ICAEW) was established by royal charter in 1880. It has over 147,000 members. Over 15,000 of these members live and work outside the UK. In 2015, 8,256 students joined ICAEW - the highest ever figure. 82 of FTSE 100 (the leading UK) companies have an ICAEW Chartered Accountant on the board.

paragraph_text: Gary Scherer is a Republican member of the Ohio House of Representatives for the 92nd district, which includes Fayette County, as well as portions of Pickaway and Ross counties. He was appointed in April 2012 to replace Bob Peterson, who was appointed to the Ohio Senate. Scherer has a degree in accounting from Ohio State University, and worked as an accountant and businessman before becoming a Representative. He is married with three children.

paragraph_text: The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed Board of Governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, oversee the privately owned U.S. member banks. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The Federal Open Market Committee (FOMC) sets monetary policy; it consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one - year terms. There are also various advisory councils. Thus, the Federal Reserve System has both public and private components. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.

paragraph_text: Tornadoes have been recorded on all continents except Antarctica and are most common in the middle latitudes where conditions are often favorable for convective storm development. The United States has the most tornadoes of any country, as well as the strongest and most violent tornadoes. A large portion of these tornadoes form in an area of the central United States popularly known as Tornado Alley. Other areas of the world that have frequent tornadoes include significant portions of Europe, South Africa, Philippines, Bangladesh, parts of Argentina, Uruguay, and southern and southeast Brazil, northern Mexico, New Zealand, and far eastern Asia.

paragraph_text: Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English - speaking world. In the United States, the CPA is a license to provide accounting services directly to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.

paragraph_text: Sitoh Yih Pin (, born 2 December 1963) is a Singaporean politician from the Singapore People's Action Party. He is the Member of Parliament (MP) for the Potong Pasir Single Member Constituency (Potong Pasir SMC). Sitoh is currently the Chairman of Nexia TS Public Accounting Corporation, an accounting firm in Singapore.

paragraph_text: The PCAOB has five Board members, including a Chairman, each of whom is appointed by the SEC, after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. Two Board members must be Certified Public Accountants. If the PCAOB Chairman is one of them, he or she may not have been a practicing CPA for at least five years prior to being appointed to the board. Each member serves full - time, for staggered five - year terms. The Board's budget, approved by the SEC each year, is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board. The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington.

paragraph_text: Indian Accounting Standard (abbreviated as Ind - AS) is the Accounting standard adopted by companies in India and issued under the supervision and control of Accounting Standards Board (ASB), which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.

paragraph_text: The board consists of nine directors. Michael Dell, the founder of the company, serves as chairman of the board and chief executive officer. Other board members include Don Carty, William Gray, Judy Lewent, Klaus Luft, Alex Mandl, Michael A. Miles, and Sam Nunn. Shareholders elect the nine board members at meetings, and those board members who do not get a majority of votes must submit a resignation to the board, which will subsequently choose whether or not to accept the resignation. The board of directors usually sets up five committees having oversight over specific matters. These committees include the Audit Committee, which handles accounting issues, including auditing and reporting; the Compensation Committee, which approves compensation for the CEO and other employees of the company; the Finance Committee, which handles financial matters such as proposed mergers and acquisitions; the Governance and Nominating Committee, which handles various corporate matters (including nomination of the board); and the Antitrust Compliance Committee, which attempts to prevent company practices from violating antitrust laws.[citation needed]

paragraph_text: There is no common name for securities commission or financial regulatory agency in each country. Naming has become more complicated as some governments have consolidated or merged organisations and given them a wider remit. They sometimes contain the term securities and commission. Such as the Securities and Exchange Commission of the US or Securities and Futures Commission (Hong Kong). A number also have names based on Financial Authority, such as the Financial Services Authority of the UK or Financial Supervisory Authority (Sweden) or variations such as the Financial Services Agency (Japan).

paragraph_text: The Sustainability Accounting Standards Board was founded in 2011 to develop and disseminate sustainability accounting standards. While the FASB has for the past forty years developed the accounting principles currently used in financial reporting in the United States, other social and environmental measures are now understood to be of relevance. The SASB aims to integrate its standards into the Form 10-K which must be filed by public companies with the U.S. Securities and Exchange Commission; in this sense it differs from initiatives such as the GRI, by working within the current system of financial regulation. The general principle is, in Peter Drucker's phrase, "what gets measured gets managed".

paragraph_text: The United States averaged 1,274 tornadoes per year in the last decade while Canada reports nearly 100 annually (largely in the southern regions). However, the UK has most tornadoes per area per year, 0.14 per 1000 km2, although these tornadoes are generally weak, and many other European countries have a similar number of tornadoes per area.

Question: In the country with the most tornadoes in the world, what is the equivalent of the U.S. commission that appoints the members of the public company accounting oversight board?
Answer: Financial Services Authority