Answer:
2. Varied- the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.
Explanation:
The FASB, Financial Accounting Standards Board is an independent non- profit organization, formed in 1973, that is tasked with establishing accounting as well as financial reporting standards for profit and nonprofit organizations in the USA. It also has the authority to interpret generally acceptable accounting principles for private and public companies in preparation of financial reports and presentation of such reports. The SEC like every other organization, relies on the FASB to formulate rules and regulations (standards) for public companies mainly while giving private companies recommendations. The FASB is recognized by state accounting boards such as AICPA (American Institute of Certified Public Accountants) among other accounting boards.
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Answer:
<u>Interlocking corporate director</u>
Explanation:
Interlocking corporate director refers to an individual serving as a director on the board of multiple companies.
Interlocking directorship is not considered illegal if the companies of which the same individual serves as a director, are not competing firms.
In the given case, an individual serves on the board of a bank, also serves the board of a computer manufacturing company that usually borrows from the bank.
Here, the independence and objectivity of the director would be impaired and this may lead to a situation of conflict of interests as the director exercises sizable influence in framing the lending policies of the bank.
Thus, such a situation would be in violation and the director may have to step down from the board of one of the companies.
Answer:
there are seven used today
Answer:
all of the above is the correct option
Explanation:
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The unexpected results in the first set of Hawthorne Experiments that led to the second set of experiments was that productivity continued to increase regardless of changing conditions.
<h3>What is Hawthorne Effect?</h3>
The Hawthorne Effect is when that explains that changes were made to subjects of an experimental , the study can changes because of evaluation or study.
Therefore, Hawthornes, made us to understand through his experiment that productivity continued to increase regardless of changing conditions.
learn more about Hawthorne Effect at brainly.com/question/8293968
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