What Is One of the Main Reasons Why Securities Commissions

question 17

Multiple Choice

What is one of the main reasons why securities commissions are often ineffective enforcement agencies for accounting standards?

• A)Lack of knowledge
• B)Lack of financing
• C)Lack of independence
• D)Lack of support from professional accounting bodies

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Definitions:

Brain

The central organ of the human nervous system, responsible for processing sensory information, regulating bodily functions, and enabling cognitive abilities such as thought and emotion.

Seconds

A unit of time equal to one sixtieth of a minute, also used to denote a moment or brief period of time.

Psychological Effects

The impact of events, situations, or substances on an individual's mental state and behavior.

Physical Effects

The tangible or bodily outcomes resulting from an action, condition, or impact.