Which of the following has the legal authority to determine financial reporting in the United States?
Posted: Sat Aug 07, 2021 6:55 am
A) Financial Accounting Standards Board.
B) American Accounting Association.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: C
Explanation: The Securities and Exchange Commission is the government agency that
determines the financial statements that public companies must provide to stockholders.
B) American Accounting Association.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: C
Explanation: The Securities and Exchange Commission is the government agency that
determines the financial statements that public companies must provide to stockholders.