Which of the following is a requirement for a publicly held healthcare corporation but not for a proprietorship?
A) Annual financial report audited by an outside accountant
B) Reports to Medicare and Medicaid
C) Filing a corporate tax return
D) Publishing a list of stockholders

Question

Quizplus · Accepted Answer

Publicly held corporations are required to have their annual financial reports audited by an independent external accountant to ensure accuracy and transparency for shareholders and regulatory bodies. This requirement does not apply to proprietorships, which are owned by a single individual and may have less stringent reporting requirements.

Which of the Following Is a Requirement for a Publicly