Ask Question
21 July, 07:34

Each of the following are true of the Securities and Exchange Commission except that it is a federal agency. the SEC's involvement in the development of accounting standards varies. the FASB relies on the SEC to develop accounting standards. the SEC requires registrants to adhere to GAAP.

+1
Answers (1)
  1. 21 July, 08:40
    0
    The answer is the FASB relies on the SEC to develop accounting standards.

    Explanation:

    Financial Accounting Standards Board is the highest authority in USA in setting standards related with accounting, financial reporting and financial representation.

    Securities and Exchange Commission is the regulatory body for the securities such as stocks, Bonds, etfs, etc ...

    SEC does not take part in making Accounting standards. However, they may aid the FASB in certain matters if the need arise.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Each of the following are true of the Securities and Exchange Commission except that it is a federal agency. the SEC's involvement in the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers