Public companies, or issuers, in the U.S.are ________.
A)required by the federal government to have quarterly financial statement audits
B)required by the federal government to have annual financial statement audits
C)required by the federal government to have semi-annual financial statement audits
D)not required by the federal government to have financial statement audits

Question

Quizplus · Accepted Answer

Public companies in the U.S. are required by the federal government to have annual financial statement audits. This is mandated by the Securities and Exchange Commission (SEC) to ensure transparency and accurate financial reporting to protect investors. Quarterly financial reports must also be filed by public companies, but they may not always be audited.

Public Companies, or Issuers, in the U.S.are ________