In February 2009,the _____________ passed the rule requiring all large domestic firms to begin formatting their financial statements using XBRL.
A) Financial Accounting Standards Board
B) International Accounting Standards Board
C) American Institute of Certified Public Accountants
D) Securities and Exchange Commission

Question

Quizplus · Accepted Answer

The rule requiring all large domestic firms to begin formatting their financial statements using XBRL was passed by the Securities and Exchange Commission in February 2009. The other options listed are organizations involved in accounting and auditing standards, but they do not have the authority to make such regulations.

In February 2009,the _____________ Passed the Rule Requiring All Large