Which of the following statements does NOT describe the activities and authority of the Ontario Securities Commission (OSC)?
A)The OSC reviews and monitors the financial statements of companies whose shares are
Listed on the Toronto Stock Exchange
B)The OSC issues its own disclosure requirements for listed companies.
C)The OSC has the ability to fine or delist companies.
D)The OSC issues financial accounting standards for Canadian companies.

Question

Quizplus · Accepted Answer

The OSC does not issue financial accounting standards for Canadian companies; this is the role of the Accounting Standards Board (AcSB) in Canada. The OSC enforces securities law and regulates the capital markets in Ontario.

Which of the Following Statements Does NOT Describe the Activities