For financial accounting, the nature of the inputs and the rules and conventions governing processes are defined by the _____.
A)Securities and Exchange Commission (SEC)
B)Trade Reporting and Compliance Board (TRCP)
C)International Ethics Standards Board (IESB)
D)Monetary and Securities Trade Regulation Commission (MSTRC)

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) defines the nature of inputs and the rules and conventions governing processes for financial accounting in the United States. The SEC is responsible for enforcing federal securities laws and regulating the securities industry, including oversight of financial reporting by publicly traded companies.

For Financial Accounting, the Nature of the Inputs and the Rules