It is mandatory for publicly traded firms in the United States to have an independent CPA firm perform an annual external audit of their financial statements.

Name: It is mandatory for publicly traded firms in the United States to have an independent CPA firm perform an annual external audit of their financial statements.
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This is mandated by the Sarbanes-Oxley Act of 2002 in response to accounting scandals such as Enron and WorldCom.

It Is Mandatory for Publicly Traded Firms in the United