In the United States, what entities are required by the federal government to have an annual financial statement audit?
A)public companies or issuers
B)private companies or issuers
C)public companies or non-issuers
D)private companies or non-issuers

Question

Quizplus · Accepted Answer

Public companies or issuers are required by the federal government to have an annual financial statement audit. This requirement is mandated by the Securities and Exchange Commission (SEC) to ensure that the financial statements of these entities are accurate and reliable for investors and stakeholders. Private companies or non-issuers may choose to have an audit voluntarily for their own internal purposes, but it is not required by the federal government.

In the United States, What Entities Are Required by the Federal