Unlike the FASB, the SEC does not have the power to order companies to revise their financial statements.

Name: Unlike the FASB, the SEC does not have the power to order companies to revise their financial statements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The SEC (Securities and Exchange Commission) does have the power to order companies to revise their financial statements if they are found to be in violation of accounting principles or regulations.

Unlike the FASB, the SEC Does Not Have the Power