Accounting information is used by investors and lenders,but not by regulatory bodies.

Name: Accounting information is used by investors and lenders,but not by regulatory bodies.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Regulatory bodies such as the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the International Financial Reporting Standards (IFRS) use accounting information to regulate financial reporting and ensure compliance with accounting standards.

Accounting Information Is Used by Investors and Lenders,but Not by Regulatory