The requirement for publicly owned companies to issue quarterly and annual financial statements is mandated by the
A) Securities and Exchange Commission.
B) Financial Accounting Standards Board.
C) New York Stock Exchange.
D) Internal Revenue Service.
E) American Institute of CPAs.

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) mandates that publicly owned companies issue quarterly and annual financial statements to ensure transparency and protect investors.

The Requirement for Publicly Owned Companies to Issue Quarterly and Annual