What is one of the main reasons why securities commissions are often ineffective enforcement agencies for accounting standards?
A)Lack of knowledge
B)Lack of financing
C)Lack of independence
D)Lack of support from professional accounting bodies

Question

Quizplus · Accepted Answer

Securities commissions often face budget constraints, which limits their ability to effectively enforce accounting standards due to insufficient resources for thorough investigations and enforcement actions.

What Is One of the Main Reasons Why Securities Commissions