A publicly traded company in the United States does not come under SEC regulations as long as it follows the rules of GAAP.

Question

Quizplus · Accepted Answer

All publicly traded companies in the United States are required to comply with SEC regulations, regardless of whether or not they follow GAAP. GAAP is a set of accounting principles used to prepare financial statements, while SEC regulations are a set of rules that publicly traded companies must follow for transparency and accountability purposes.

A Publicly Traded Company in the United States Does Not