The Securities and Exchange Commission appointed the Committee on Accounting Procedure. True False

Question

Question

The Securities and Exchange Commission appointed the Committee on Accounting Procedure.

True

False

business accounting

Answer 1

Answer #1

Solution :

The Committee on Accounting Procedure was formed in 1936, by the American Institute of Certified Public Accountants (AICPA).

It was not appointed by the Securities and Exchange Commission.

Hence, the statement is False.

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Answer 2

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