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Which has statutory authority to determine accounting rules

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Reference no: EM132839601

Problem 1: Which one of the following has statutory authority to determine accounting rules for companies whose securities are owned by the general public?

Option 1: American Institute of Certified Public Accountants

Option 2: State Boards of Accountancy

Option 3: Securities and Exchange Commission

Option 4: Financial Accounting Standards Board

Reference no: EM132839601

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