Question: What is the equivalent of the American agency that appoints the members of the public company accounting oversight board in the nation whose pubs often serve food?

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. <SEP> In Europe, it is the provision of accommodation, if anything, that now distinguishes inns from taverns, alehouses and pubs. Inns tend to be older and grander establishments: historically they provided not only food and lodging, but also stabling and fodder for the traveller's horse(s) and on some roads fresh horses for the mail coach. Famous London inns include The George, Southwark and The Tabard. There is however no longer a formal distinction between an inn and other kinds of establishment. The latter tend to provide alcohol (and, in the UK, soft drinks and often food), but less commonly accommodation. Many pubs use "Inn" in their name, either because they are long established former coaching inns, or to summon up a particular kind of image, or in many cases simply as a pun on the word "in", as in "The Welcome Inn", the name of many pubs in Scotland. <SEP> while most executive agencies have a single director, administrator, or secretary appointed by the president of the united states, independent agencies (in the narrower sense of being outside presidential control) almost always have a commission, board, or similar collegial body consisting of five to seven members who share power over the agency. (this is why many independent agencies include the word ``commission ''or`` board'' in their name.) the president appoints the commissioners or board members, subject to senate confirmation, but they often serve terms that are staggered and longer than a four - year presidential term, meaning that most presidents will not have the opportunity to appoint all the commissioners of a given independent agency. the president can normally designate which commissioner will serve as the chairperson. normally there are statutory provisions limiting the president's authority to remove commissioners, typically for incapacity, neglect of duty, malfeasance, or other good cause. in addition, most independent agencies have a statutory requirement of bipartisan membership on the commission, so the president can not simply fill vacancies with members of his own political party. <SEP> 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. 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). 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). <SEP> 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. 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. 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.