INTERMEDIATE ACCOUNTING
INTERMEDIATE ACCOUNTING
3rd Edition
ISBN: 9780136946694
Author: GORDON
Publisher: RENT PEARS
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Chapter 1, Problem 1.11BE
To determine

To explain: The role of the SEC in standard setting, both historically and currently.

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What are the goals of the SEC?
What is the SEC and what role does it play?
What is the policy function performed by bodies such as the FASB and the SEC?List and discuss the three sources of inputs to the policy-making function.
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