1) The New York Stock Exchange requires all listed companies to:
Multiple Choice
a. Use IFRS (International Financial Reporting Standards) for financial statement reporting purposes.
b. Maintain an internal audit function.
c. Register with the PCAOB (Public Company Accounting Oversight Board).
d. Send financial statements directly to investors, creditors, and other users of financial information.
2. Investors may be described as:
Multiple Choice
a. Individuals and enterprises that have ownership interest in a reporting entity.
b. Individuals and enterprises that have provided credit to a reporting entity.
c. Those whose primary economic activity consists of buying and selling stocks and bonds.
d. Anyone with an interest in the results of the operations of the reporting entity.
The NYSE requires all the listed companies to form internal audit function in their corporation. The internal audit function takes on the responsibility of keeping internal controls intact of the corporation. The internal audit function decides whether to register with PCAB.
Hence, the correct option is B.
Investors mean the individuals or entity having investment. Investment means the ownership in the corporation through equity instrument. If an individual has ownership in reporting entity, he is called an investor. The same will be true for enterprises.
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