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

Question

Quizplus · Accepted Answer

All publicly traded companies in the United States are subject to Securities and Exchange Commission (SEC) regulations, regardless of whether they follow GAAP or not. GAAP is a set of accounting principles that companies can choose to follow, but it does not exempt them from SEC regulations.

A Publicly Traded Company in the United States Does Not