Which of the following is not an objective of the SEC's integrated disclosure system?
A)To coordinate the Form 10-K requirements with those of the annual report
B)To lessen the impact of the FASB
C)To expand the management discussion of liquidity,capital resources,and results of operations
D)To improve the quality of disclosure
E)To standardize information requirements

Question

Quizplus · Accepted Answer

The SEC's integrated disclosure system aims to improve the quality and standardization of disclosures, coordinate requirements for financial reports, expand the management discussion, and provide timely information to investors. It has no objective of lessening the impact of the FASB (Financial Accounting Standards Board).

Which of the Following Is Not an Objective of the SEC's