Monday, February 2, 2009

Establishing Reporting Requirements

Which of the following organizations has legal authority to establish reporting requirements for publicly held corporations in the United States?

A. International Accounting Standards Board (IASB)
B. Financial Accounting Standards Board (FASB)
C. Internal Revenue Service (IRS)
D. American Institute of Certified Public Accountants (AICPA)
E. Securities and Exchange Commission (SEC)

Answer : E

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