Three organizations important to accounting are listed below.Select the organization that most closely achieves the role described.
-Requires that publicly traded companies file annual and quarterly financial statements on a timely basis.
A)American Institute of Certified Public Accountants (AICPA)
B)Financial Accounting Standards Board (FASB)
C)Securities and Exchange Commission (SEC)

Question

Quizplus · Accepted Answer

The SEC is the organization responsible for requiring publicly traded companies to file annual and quarterly financial statements on a timely basis. The AICPA is a professional organization for certified public accountants, and the FASB is responsible for developing accounting standards.

Three Organizations Important to Accounting Are Listed Below