The governmental agency that monitors 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 monitoring the stock market and regulating the financial reporting of firms that trade in the market. The Financial Accounting Standards Board (FASB) sets accounting standards, the Internal Revenue Service (IRS) collects taxes, and the Public Company Accounting Oversight Board (PCAOB) is responsible for overseeing auditors of public companies.

The Governmental Agency That Monitors the Stock Market and the Financial