Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards
A: Financial Service Authority (FSA).
B: Securities and Exchange Commission (SEC).
C: International Accounting Standards Board (IASB).
A: Financial Service Authority (FSA).
B: Securities and Exchange Commission (SEC).
C: International Accounting Standards Board (IASB).
举一反三
- Who issues International Financial Reporting Standards? A: The IFRS Advisory Committee B: The stock exchange C: The International Accounting Standards Board D: The government
- The<br/>Financial Accounting Standards Board has the responsibility for<br/>setting accounting and financial reporting standards for ( ) A: All federal and state<br/>organizations. B: All not-for-profit<br/>organizations that are nongovernmental and business entities. C: All not-for-profit organizations. D: Both B) and C) are correct.
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Reporting standards ensure that the information in financial statements is useful to a wide range of users.
- Which of the following is least likely to be considered an objective of financial market regulation according to the International Organization of Securities Commissions (IOSCO)（） A: Protect investors. B: Reduce systemic risk. C: Develop individual financial regulatory standards for each country to reflect the unique needs of each market.
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Financial statements could potentially take any form if reporting standards didn’t exist.