Setting Standards for Accounting Information Who is responsible for the following?

a. Preparing the financial statements using generally accepted accounting procedures.

b. Establishing rules and regulations to ensure investors have relevant and reliable information on which to base their decisions.

c. Developing financial accounting and reporting standards to be followed by publicly held companies, subject to oversight by the Securities and Exchange Commission.

d. Checking to be sure a company’s financial statements follow reporting standards established by the Financial Accounting Standards Board before issuing an audit opinion.

e. Overseeing the issuance and trading of securities of publicly held companies.