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Question 16 The U.S. federal government body that receives corporations annual reports is the: O IRS FRS O SEC O FBI Click i
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SEC (Securities and Exchange Commission) is the U.S. federal government body that receives corporations' annual reports.

  • IRS: Internal Revenue Service is a US government agency that is responsible for collections of taxes and enforcement of the Internal Revenue Code.
  • FRS: Federal Reserve System is the central bank of the U.S. It is responsible for the regulation of the U.S. monetary and financial system.
  • SEC: Securities and Exchange Commission is a U.S. government agency responsible for enforcement of security laws and regulations and regulation of security markets. It requires certain companies including public companies to submit their annual reports.
  • FBI: Federal Bureau of Investigation is a U.S. government agency responsible for domestic intelligence and security.
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