Evaluate an entity's financial position and past performance to form opini Question 23 Government financial regulators are responsible for: establishing financial reporting standards only establishing and enforcing standards for financial reporting enforcing compliance with financial reporting standards only his Question 24 Question 28 Which of the following statements about the FASB conceptual framework, as compared to the IASB conceptual framework, is most accurate? 2 pts The FASB framework lists revenue, expenses, gains, losses, and comprehensive income related to financial performance The FASB framework allows for upward revaluations of tangible, long-lived assets The FASB framework and IASB framework are now fully converged Question 29 Which of the following organizations is most likely involved with enforcing compliance with financial standards? 2 pts Securities and Exchange Commission (SEC) Intemational Accounting Standards Board (ASB) Financial Accounting Standards Board (FASB) Question 28 Which of the following statements about the FASB conceptual framework, as compared to the IASB conceptual framework, is most accurate? 2 pts The FASB framework lists revenue, expenses, gains, losses, and comprehensive income related to financial performance The FASB framework allows for upward revaluations of tangible, long-lived assets The FASB framework and IASB framework are now fully converged Question 29 Which of the following organizations is most likely involved with enforcing compliance with financial standards? 2 pts Securities and Exchange Commission (SEC) Intemational Accounting Standards Board (ASB) Financial Accounting Standards Board (FASB)