The Securities and Exchange Commission is an accounting information user with an indirect financial interest.

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) is a government agency that oversees the securities markets and enforces securities laws. As an accounting information user, the SEC has an indirect financial interest in ensuring that financial statements are accurate and reliable, which in turn helps to protect investors and maintain the integrity of the securities markets. Therefore, the statement is true.

The Securities and Exchange Commission Is an Accounting Information User