Companies listed on the stock exchanges are regulated by the
A) Financial Accounting Standards Board.
B) American Institute of Certified Public Accountants.
C) Securities and Exchange Commission.
D) Internal Revenue Service.

Question

Quizplus · Accepted Answer

Companies listed on the stock exchanges are regulated by the Securities and Exchange Commission (SEC). The SEC is responsible for enforcing federal securities laws and regulations that govern securities transactions on US exchanges. The Financial Accounting Standards Board (FASB) sets accounting standards, the American Institute of Certified Public Accountants (AICPA) is a professional organization for accountants, and the Internal Revenue Service (IRS) is responsible for tax collection and enforcement. While these organizations may have some influence on companies listed on stock exchanges, they are not the primary regulatory body.

Companies Listed on the Stock Exchanges Are Regulated by the