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FASB and SEC

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To what extent is it a valid position that we should get rid of the FASB and SEC, since free market forces will make sure that companies report reliable information? Provide justification for your response.

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This solution discusses the FASB and SEC.

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It is not a valid position to any extent because in the absence of regulatory forces such as SEC and FASB, companies will be motivated to manipulate ...

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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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