With respect to the SEC,
A. the attitude of the SEC is generally considered in any major change proposed by the FASB.
B. the SEC is the sole agency responsible for setting generally accepted accounting principles.
C. the SEC requirements of greatest interest to CPAs are set forth in the their enforcement regulations.
D. the SEC has the power to establish rules for all CPAs.
Answer:A
With respect to the SEC,
A. the attitude of the SEC is generally considered in any major change proposed by the FASB. B. the SEC is the sole agency responsible for setting generally accepted accounting principles. C. the SEC requirements of greatest interest to CPAs are set forth in the their enforcement regulations. D. the SEC has the power to establish rules for all CPAs.