Which statement is CORRECT regarding the SEC?

Question

Quizplus · Accepted Answer

The SEC has all of the stated responsibilities. It has standards-setting authority over public companies through its issuance of regulations and guidance on various issues related to financial reporting. It is authorized to oversee the functioning of U.S. capital markets by enforcing securities laws and regulating the activities of market participants such as broker-dealers, investment advisors, and securities exchanges. It has issued a number of forms of guidance on accounting principles, including auditing standards and disclosure requirements.

Which Statement Is CORRECT Regarding the SEC