Answered: Can you think of any reasons why the…

Can you think of any reasons why the SEC relies on private sector bodies to set accounting standards, ratherthan undertaking the task itself?

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter7: Professional Issues

Section7.3: Washington Council Ernst & Young

Problem 3Q

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Can you think of any reasons why the SEC relies on private sector bodies to set accounting standards, rather
than undertaking the task itself?

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