Which government regulatory agency has the legal authority to prescribe financial reporting requirements for corporations that sell their securities in commerce in the province of Ontario?

Question

Quizplus · Accepted Answer

The Ontario Securities Commission (OSC) is the government regulatory agency with legal authority to prescribe financial reporting requirements for corporations that sell their securities in commerce in the province of Ontario. AcSB and CICA are accounting standard-setting bodies, while CRA is the Canada Revenue Agency, responsible for administering tax laws.

Which Government Regulatory Agency Has the Legal Authority to Prescribe