Three organizations important to accounting are listed below.Select the organization that most closely achieves the role described.
-An agency of the federal government.
A)American Institute of Certified Public Accountants (AICPA)
B)Financial Accounting Standards Board (FASB)
C)Securities and Exchange Commission (SEC)

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) is an agency of the federal government responsible for enforcing federal securities laws and regulating the securities industry. The AICPA is a professional organization for CPAs, and the FASB is a private organization responsible for setting accounting standards.

Three Organizations Important to Accounting Are Listed Below