A second audit partner is required for audits of financial statements filed with the SEC.

Question

Quizplus · Accepted Answer

According to the rules of the Securities and Exchange Commission (SEC), a second audit partner is required to participate in the audits of all public companies that are required to file financial statements with the SEC. This requirement is intended to enhance the quality and reliability of the financial information included in these filings. The second partner typically reviews and oversees the work of the primary audit partner and provides an additional layer of oversight and quality control.

A Second Audit Partner Is Required for Audits of Financial