When the SEC was formed, in the 1930s, it tended to favor aggressive accounting principles over conservative ones, to help encourage investors to buy stocks.

Question

Quizplus · Accepted Answer

The SEC, formed in the 1930s, aimed to restore investor confidence by promoting transparency and accuracy in financial reporting, which often meant encouraging more conservative accounting principles to ensure that companies did not overstate their financial health.

When the SEC Was Formed, in the 1930s, It Tended