Mechanisms that enforce discipline over! nancial reporting quality least likely include:A) counterparties to private contracts. B) accounting standard-setting bodies. C) government securities regulators.

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Business

Dashawn Villanueva

18 February, 18:10

Mechanisms that enforce discipline over! nancial reporting quality least likely include:A) counterparties to private contracts. B) accounting standard-setting bodies. C) government securities regulators.

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Kamryn Avery · Answer 1

B) Accounting standard-setting bodies.

Explanation:

Accounting standard-setting bodies issue financial reporting standards but do not impose compliance with them. Securities regulators and counter parties to private contracts are among the mechanisms that discipline financial reporting quality.