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11 November, 18:01

Morris and Ted are brothers who work in similar fields. Morris works at an accounting firm and Ted is a financial analyst. Their sister, Rosa, works for the SEC. What do they have in common?

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  1. 11 November, 18:27
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    Morris, Ted, and Rosa are all part of user groups that influences the formation of accounting standards.

    Explanation:

    NOTE that SEC means Securities and Exchange Commission (Securities and Exchange Commission (SEC) is a U. S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception).

    Morris, Ted, and Rosa are all part of user groups that influences the formation of accounting standards.

    The three of them are members of user groups that influence the Public Company Accounting Oversight Board (PCAOB). PCAOB is a non-profit organization that regulates auditors of publicly traded companies. They basically minimize audit risks. This is related to the three's fields.

    Morris and Ted are members of user groups that influence the formation of accounting standards, while Rosa is part of a user group that influences internal controls.

    Ted is part of a user group that influences internal controls, while Morris and Rosa are members of user groups that influence the Financial Accounting Standards Board (FASB). Financial Accounting Standards Board (FASB) is an independent nonprofit organization that is responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.
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