Companies listed on the stock exchanges must file financial statements with the
A)Financial Accounting Standards Board.
B)American Institute of Certified Public Accountants.
C)Securities and Exchange Commission.
D)Internal Revenue Service.

Question

Quizplus · Accepted Answer

Companies listed on stock exchanges are required to file financial statements with the Securities and Exchange Commission (SEC). The SEC is responsible for regulating the securities industry and ensuring that companies provide accurate and timely information to investors. The Financial Accounting Standards Board (FASB) sets accounting standards, but it does not require companies to file financial statements with them. The American Institute of Certified Public Accountants (AICPA) is a professional organization for accountants and does not have regulatory authority over companies. The Internal Revenue Service (IRS) is responsible for collecting taxes but does not require companies to file financial statements with them.

Companies Listed on the Stock Exchanges Must File Financial Statements