Which of the following tasks is not performed by the Securities & Exchange Commission (SEC)?
A)Overseeing the work of the Financial Accounting Standards Board (FASB).
B)Overseeing the work of the Public Company Accounting Oversight Board (PCAOB).
C)Taking responsibility for protecting investors and maintaining the integrity of the securities markets.
D)The development of generally accepted accounting principles.

Question

Quizplus · Accepted Answer

The development of generally accepted accounting principles is not performed by the SEC. This is the role of the Financial Accounting Standards Board (FASB).

Which of the Following Tasks Is Not Performed by the Securities