Multiple Choice
Which of the following statements is not correct?
A) The Securities and Exchange Commission (SEC) issues the Statements of Financial Accounting Standards.
B) Statements issued by the Financial Accounting Standards Board (FASB) are binding on the members of the American Institute of Certified Public Accountants (AICPA) .
C) An act of law gave the SEC the authority to determine the form and content of accounting reports filed by companies under its jurisdiction.
D) The Financial Accounting Standards Board is an independent organization.
Correct Answer:
Verified
Correct Answer:
Verified
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