Which of the following presents the results of actions taken against accountants,brokers,and other participants for filing false or misleading statements?
A)Financial Reporting Releases
B)Financial Reporting Interpretations
C)Accounting and Auditing Enforcement Releases
D)Staff Accounting Bulletins

Question

Quizplus · Accepted Answer

Accounting and Auditing Enforcement Releases (AAERs) present the results of actions taken against accountants, brokers, and other participants for filing false or misleading statements. AAERs are issued by the Securities and Exchange Commission (SEC) to inform the public of enforcement actions and sanctions against those who violated securities laws. Financial Reporting Releases (FRRs) provide guidance on accounting policies and practices, while Financial Reporting Interpretations (FRIs) offer clarification on existing accounting standards. Staff Accounting Bulletins (SABs) contain guidance on various accounting, auditing, and reporting issues.

Which of the Following Presents the Results of Actions Taken