TB TF Qu. 06-121 The Securities and Exchange Commission... The Securities and Exchange Commission is authorized...

Question

Question

Answer 1

Answer #1

Answer

False

Explanation

The Securities and Exchange Commission is an independent agency with a goal to maintain a fair, steady market for financial instruments. It also aims to protect investors against fraudulent practices.
It does not establish accounting rules.
Financial Accounting Standards Board (FASB) establishes and enforces accounting rules to public companies.

In case of any doubt, please comment.

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Answer 2

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