Question

The financial statement reporting "filter" is: SEC reporting regulations that vary from GAAP for publicly traded companies. management's distortion of accounting data. management's discretion to choose alternative accounting procedures with in GAAP SEC required reporting regulations for all entities.

Answer 1

Answer:

management's discretion to choose alternative accounting procedures with in GAAP SEC required reporting regulations for all entities.

Explanation:

Base on the scenario been described in the question, we can say that management's discretion to choose alternative accounting procedures with in GAAP SEC required reporting regulations for all entities.