Private companies, or non-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

Private companies, or non-issuers, in the U.S. are not required by the federal government to have financial statement audits. However, they may choose to have voluntary audits for various reasons, such as obtaining financing or increasing credibility with stakeholders.

Private Companies, or Non-Issuers, in the U.S.are ________