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Q.10 Which of the following statements regarding the Securities and Exchange Commission (SEC) is not true? Multiple Choice SEC rules frequently require disclosures in addition

Q.10

Which of the following statements regarding the Securities and Exchange Commission (SEC) is not true?

Multiple Choice

  • SEC rules frequently require disclosures in addition to those required by GAAP.

  • The SEC has the authority to establish and enforce accounting rules for public companies.

  • Public companies must register with the SEC.

  • The SEC is a private professional organization.

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