11. The Securities and Exchange Commission appointed the Committee on Accounting Procedure. S 13. Financial Accounting Concepts set forth fundamental objectives and concepts that are used in developing C future standards of financial accounting and reporting. 14. The SEC relies on the AICPA and FASB to regulate the accounting profession and develop and enforce ( accounting standards. 15. FASB Technical Bulletins are more authoritative than FASB Standards and Interpretations. ( > 16. The AICPA's Code of Professional Conduct requires that members prepare financial statements in(- accordance with generally accepted accounting principles. 17. Accounting standards are a product of careful logic or empirical findings and are not influenced by political C action. 18. Currently, both U.S. GAAP and the International Financial Reporting Standards are acceptable for C international use. 19. The expectations gap is caused by what the public thinks accountants should be doing and what accountants think they can do. 20. Ethical issues in financial accounting are governed by the AICPA. ( )