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TRUE OR FALSE - The Securities Exchange Commission (SEC) is the authoritative body that has primary responsibility for developing accounting principles.
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TRUE OR FALSE - The Securities Exchange Commission (SEC) is the authoritative body that has primary responsibility for developing accounting principles.

User Adeel Aslam
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False - Financial Accounting Standards Board (FASB) has the primary responsibility for GAAP. The SEC regulates publicly traded companies.
User Kigiri
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