Choose all the correct options

Question

Regarding financial accounting for public companies, the role of the SEC as currently practiced is to

Accepted Answer

make rules and regulations pertaining more to disclosure of financial information than to the establishment of accounting recognition and measurement principles.

Answer

make rules and regulations regarding filings with the SEC but not to regulate annual or quarterly reports to shareholders.

Answer

develop and promulgate most generally accepted accounting principles.

Answer

none of these answers.

Answer

regulate financial disclosures for corporate, state, and municipal reporting.

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