The governmental agency that regulates the stock market and the financial reporting of firms that trade in the market is the

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) is the governmental agency responsible for regulating the stock market and enforcing laws related to the financial reporting and disclosure requirements of firms that trade in the market. The other options, such as the Financial Accounting Standards Board and the Public Company Accounting Oversight Board, are involved in accounting and auditing standards, but do not have the same regulatory authority as the SEC. The Internal Revenue Service is responsible for tax collection and enforcement, not stock market regulation. The Generally Accepted Accounting Board does not exist as a regulatory agency.

The Governmental Agency That Regulates the Stock Market and the Financial