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Which of the following organizations requires publicly owned companies to be audited by independent accountants (CPA)?


Which of the following organizations requires publicly owned companies to be audited by independent accountants (CPA)? 


  • Public Company Accounting Oversight Board (PCAOB) 

  • Securities and Exchange Commission (SEC) 

  • American Institute of Certified Public Accountants (AICPA) 

  • Financial Accounting Standards Board (FASB) 

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Answer #1

Sollution:-B) Securities and Exchange Commission (SEC) is the correct answer.

Explanation:-

Securities and Exchange Commission (SEC) is an agency of the federal or central government established by law. it laid down rules and regulations to be followed by security brokers, dealers and other market participants which shapes their relationship and ensure fairness in their business relationship, The SEC as it is popularly called is charged with the responsibility of regulating the security and exchange market as a whole.

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