Which of the following organizations requires publicly owned companies to be audited byindependent accountants (CPAs) ? A) Securities and Exchange Commission (SEC) B) Public Company Accounting Oversight Board (PCAOB) C) Financial Accounting Standards Board (FASB) D) American Institute of Certified Public Accountants (AICPA)

Question

Destiny Crane

Business

2 April, 00:37

Which of the following organizations requires publicly owned companies to be audited byindependent accountants (CPAs) ? A) Securities and Exchange Commission (SEC) B) Public Company Accounting Oversight Board (PCAOB) C) Financial Accounting Standards Board (FASB) D) American Institute of Certified Public Accountants (AICPA)

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Answers (1)

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Enrique Stein · Answer 1

A) Securities and Exchange Commission (SEC)

Explanation:

Securities and Exchange Commission (SEC) is an agency of the federal or central government established by law. it laid down rules and regulations to be followed by security brokers, dealers and other market participants which shapes their relationship and ensure fairness in their business business relationship, The SEC as it is popularly called is charged with the responsibility of regulating the security and exchange market as a whole.