The SEC is responsible for setting standards for not-for-profit organizations.

Question

Quizplus · Accepted Answer

The SEC (Securities and Exchange Commission) is a regulatory agency that oversees public securities markets and protects investors. They do not set standards for not-for-profit organizations. Non-profit organizations are regulated by the Internal Revenue Service (IRS) and are required to follow guidelines set by the IRS for tax-exempt status.

The SEC Is Responsible for Setting Standards for Not-For-Profit Organizations