In Canada and the United States, at a minimum, how often are interim financial statements required to be issued?
A)Monthly
B)Bi-monthly
C)Quarterly
D)Semi-annually

Question

Quizplus · Accepted Answer

Interim financial statements are required to be issued quarterly in both Canada and the United States. These statements provide updates on the financial position and performance of a company for the first three quarters of the fiscal year. They are typically less detailed than annual financial statements and are used by investors and creditors to evaluate a company's ongoing financial health. Monthly or bi-monthly statements are not required by regulation, while semi-annual statements are only required by certain regulators for specific industries.

In Canada and the United States, at a Minimum, How