Given the increased development of complex business structures,which of the following regulators is responsible for the continued usefulness of accounting reports?
A)Securities and Exchange Commission (SEC)
B)Public Company Accounting Oversight Board (PCAOB)
C)Financial Accounting Standards Board (FASB)
D)All of the other answers are correct

Question

Quizplus · Accepted Answer

All of the mentioned regulators play a role in ensuring the continued usefulness of accounting reports. The SEC oversees and enforces the securities laws to protect investors; the PCAOB oversees the audits of public companies to ensure they are conducted accurately and reliably; and the FASB establishes financial accounting and reporting standards for the purpose of providing useful information to investors and other users of financial reports.

Given the Increased Development of Complex Business Structures,which of the Following