- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 10. Financial Reporting Quality
- Subject 3. Context for Assessing Financial Reporting Quality
CFA Practice Question
Which organization serves as a mechanism to discipline financial reporting quality?
B. FASB
C. SEC
A. IASB
B. FASB
C. SEC
Correct Answer: C
Standard-setting bodies such as IASB and FASB set standards. Regulatory authorities such as SEC recognize and enforce these standards.
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