The SEC has usually restricted its role in establishing accounting principles to:
A) Specifying the information that should be included in interim financial statements.
B) Developing definitions of key accounting terms.
C) Developing accounting standards for particular industries.
D) Determining required disclosures.
E) The promulgation and issuance of SASs (Securities Accounting Standards).

Question

Quizplus · Accepted Answer

The Answer is D

The SEC Has Usually Restricted Its Role in Establishing Accounting