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Basic Question 11 of 11
Which organization serves as a mechanism to discipline financial reporting quality?
B. FASB
C. SEC
A. IASB
B. FASB
C. SEC
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Edward Liu
Learning Outcome Statements
describe motivations that might cause management to issue financial reports that are not high quality and conditions that are conducive to issuing low-quality, or even fraudulent, financial reports
describe mechanisms that discipline financial reporting quality and the potential limitations of those mechanisms
CFA® 2024 Level I Curriculum, Volume 3, Module 10.