Public corporations require independent audits due to requirements established by the
A) Small Business Administration (SBA).
B) Financial Accounting Standards Board (FASB).
C) Securities and Exchange Commission (SEC).
D) Federal Reserve (Fed).
E) Occupational Safety and Health Administration (OSHA).

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) requires public corporations to undergo independent audits to ensure the accuracy and integrity of their financial statements, which helps protect investors and maintain fair and efficient markets.

Public Corporations Require Independent Audits Due to Requirements Established by the