#52 SEC Role & Standard Setting Process

Question 1

The SEC is comprised of five commissioners, appointed by the President of the United States, and five divisions. Which division is responsible for overseeing compliance with the securities acts?

Answer 1

Division of Corporate Finance

Question 2

What are the main pronouncements published by the SEC?

Answer 2

Financial Reporting Releases (FRR) and the Staff Accounting Bulletins (SAB)