Which organization has the power to set accounting rules for companies whose stock is publicly-traded in the U.S. stock markets, but has delegated its power to another organization?

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) has the power to set accounting rules for companies whose stock is publicly-traded in the U.S. stock markets, but it has delegated this power to the Financial Accounting Standards Board (FASB). Therefore, the correct answer is D.

Which Organization Has the Power to Set Accounting Rules for Companies