Are the following statements true or false? The major stand…

Are the following statements true or false? The major standard-setting organization in the private sector is the Financial Accounting Standards Board. [1] Companies must file financial statements with the American Institute of Certified Public Accountants for review.  [2] The objective of financial reporting serves as the foundation of the conceptual framework [3] The Securities and Exchange Commission requires registrants to adhere to GAAP [4] The going concern assumption states that information should be available to decision-makers before it looses its capacity to make a decision [5] Information has confirmatory value if it helps users correct prior expectations [6].