Homework Answers
Your required answe is option B i.e. Securities and Exchange Commission (SEC)
Explanation:
The main aim of financial accounting is to provide informations/Outputs to the stakeholders of the company, and to fulfill this aim For Financial Accounting, The nature of the inputs and the rules and conventions governing processes are defined by SEC (Securities and Exchange Commission) and FASB (Financial Accounting Standard Board).
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Review the Audit report (found in the 10-K) for the following
two companies. Highlight or summarize
differences between the reports (other than the name of Company,
Audit Firm, Financial statement
period covered).
Note:
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financial statements and one for
audit of internal controls) or the two opinions may be combined
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Review the Audit report (found in the 10-K) for the following
two companies. Highlight or summarize
differences between the reports (other than the name of Company,
Audit Firm, Financial statement
period covered).
Note:
1. Each Company may have two audit reports (one opinion on
financial statements and one for
audit of internal controls) or the two opinions may be combined
into one report.
2. You are not required to review the entire 10-K. Find the
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