The ultimate legal authority for establishing accounting principles is held by the:

Select one:

a.

AICPA

b.

IASB

c.

FASB

d.

PCAOB

e.

SEC

Which one of the following is not a major goal of the SEC?

Select one:

a.

Preventing the misuse of information especially by inside parties

b.

Protecting investors against financial losses

c.

Ensuring that full and fair information is disclosed to all investors before the securities of a company are allowed to be bought and sold

d.

Regulating the operation of securities markets

e.

Prohibiting the dissemination of materially misstated information