The Securities and Exchange Commission (SEC) mandates that public companies
A) Issue quarterly reports every three months, as well as an annual financial statement.
B) Report all of the primary financial statements, as well as footnotes and discussion by management of any major changes in the company's financial condition.
C) Have an outside independent auditor audit the annual reports..
D) All of the above.

Question

Quizplus · Accepted Answer

All of the choices are correct. The SEC requires public companies to issue quarterly and annual reports, include comprehensive financial statements and discussions, and have their annual reports audited by an independent auditor.

The Securities and Exchange Commission (SEC) Mandates That Public Companies