Discuss the Purpose of the Securities and Exchange Commission and Its

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The Answer is The SEC, an agency of the federal government, assists in providing investors with reliable information upon which to make investment decisions. The SEC has considerable influence in setting generally accepted accounting principles (GAAP) and disclosure requirements for financial statements as a result of its authority for specifying reporting requirements considered necessary for fair disclosure to investors. The SEC has the power to establish rules for any CPA associated with audited financial statements submitted to the commission. The attitude of the SEC is generally considered in any major change proposed by the Financial Accounting Standards Board (FASB), the independent organization that establishes U.S. GAAP.

Discuss the Purpose of the Securities and Exchange Commission and Its

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Correct Answer:
Verified

Discuss the Purpose of the Securities and Exchange Commission and Its

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified