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The Securities and Exchange Commission (SEC) is empowered to do the following:

a. Set reporting standards for firms with publicly traded debt or equity securities

b. Bring enforcement actions against company executives and auditors for accounting related violations

c. File anti-trust suits against companies involved in restraint of trade

d. Both A and B are SEC powers

e. All of the above are SEC powers

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9450687

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