Which entity requires companies issuing publicly traded stock to have their financial statements audited by an external auditor?
A)Securities and Exchange Commission
B)Internal Revenue Service
C)Committee of Sponsoring Organizations
D)Financial Accounting Standards Board

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) requires companies issuing publicly traded stock to have their financial statements audited by an external auditor to ensure transparency and accuracy in financial reporting. The other entities listed do not have the authority to require such audits.

Which Entity Requires Companies Issuing Publicly Traded Stock to Have