The organizations that provide the enforcement mechanism are the SEC and AICPA. So, the correct answer is b. SEC and AICPA.

Here's why:

The Securities and Exchange Commission (SEC) is a government agency that holds primary responsibility for enforcing the federal securities laws and regulating the securities industry. It has the authority to establish accounting principles for companies under its jurisdiction.

The American Institute of Certified Public Accountants (AICPA) is a professional organization of certified public accountants (CPAs). It has a role in setting ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments.

The Financial Accounting Standards Board (FASB) and Generally Accepted Accounting Principles (GAAP) are involved in setting the standards for financial reporting and accounting, but they do not have enforcement powers.

Question

The organizations that provide the enforcement mechanism are the SEC and AICPA. So, the correct answer is b. SEC and AICPA.

Here's why:

The Securities and Exchange Commission (SEC) is a government agency that holds primary responsibility for enforcing the federal securities laws and regulating the securities industry. It has the authority to establish accounting principles for companies under its jurisdiction.

The American Institute of Certified Public Accountants (AICPA) is a professional organization of certified public accountants (CPAs). It has a role in setting ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments.

The Financial Accounting Standards Board (FASB) and Generally Accepted Accounting Principles (GAAP) are involved in setting the standards for financial reporting and accounting, but they do not have enforcement powers.

Knowee AI · Accepted Answer

The organizations that provide the enforcement mechanism are the SEC and AICPA. So, the correct answer is b. SEC and AICPA.

Here's why:

The Securities and Exchange Commission (SEC) is a government agency that holds primary responsibility for enforcing the federal securities laws and regulating the securities industry. It has the authority to establish accounting principles for companies under its jurisdiction.

The American Institute of Certified Public Accountants (AICPA) is a professional organization of certified public accountants (CPAs). It has a role in setting ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments.

The Financial Accounting Standards Board (FASB) and Generally Accepted Accounting Principles (GAAP) are involved in setting the standards for financial reporting and accounting, but they do not have enforcement powers.

Organizations that provide the enforcement mechanism.Select one:a.AICPA and FASBb.SEC and AICPAc.GAAP and FASBd.FASB and SEC

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Organizations that provide the enforcement mechanism.

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