The financial information reported by Canadian companies is subject to strict regulations and standards issued by government regulators and private standard-setting organizations.Canadian publicly traded corporations must comply with provincial securities regulations that are coordinated by the

Question

Quizplus · Accepted Answer

Canadian publicly traded corporations must comply with provincial securities regulations that are coordinated by the Canadian Securities Administrators (CSA). The SEC (choice B) is the securities regulator in the United States and does not regulate Canadian companies. The Canadian Institute of Chartered Accountants (CICA) (choice C) is a professional organization for accountants, but does not have regulatory authority over financial reporting. GAAP (choice D) refers to Generally Accepted Accounting Principles, which are a set of accounting standards used in Canada, but compliance with these standards is not regulated by a specific organization.

The Financial Information Reported by Canadian Companies Is Subject to Strict