The Securities and Exchange Law (SEL)is one of the regulators of accounting and financial reporting in Japan. The SEL is modeled on the regulations of what U.S.entity?

Question

Quizplus · Accepted Answer

The Securities and Exchange Law (SEL) in Japan is modeled on the regulations of the Securities and Exchange Commission (SEC) in the United States. Therefore, the correct choice is A) Securities and Exchange Commission. The Financial Accounting Standards Board (B) is responsible for setting accounting standards in the US, the American Institute of Certified Public Accountants (C) is a professional organization representing certified public accountants in the US, and the American Accounting Association (D) is an organization of accounting academics in the US.

The Securities and Exchange Law (SEL)is One of the Regulators