Which of the Following Is a True Statement

Multiple Choice

Which of the following is a true statement?

A) The SEC initially required the accounting profession to consult with it before setting any specific accounting principles.
B) The SEC was created by Congress to oversee the accounting profession.
C) The SEC was given authority to prescribe the form and content of financial information filed with the SEC.
D) The SEC formed the Committee on Accounting Procedure to develop a comprehensive set of accounting principles.