The SEC and FASB are two organizations that are primarily responsible for establishing generally accepted accounting principles It is true that Entry field with incorrect answer the SEC is a private organization of accountants the SEC often mandates guidelines when no accounting principles exist the SEC and FASB rarely cooperate in developing accounting standards they are both governmental agencies. d. the SEC is a private organization of accountants.

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Answer True the SEC and FASB are two organization that are primarily responsible for establishing Ge... View the full answer