Why Is It Important to Canadian Auditors to Understand the Rules

question 19

Multiple Choice

Why is it important to Canadian auditors to understand the rules of the Security and
Exchange Commission?

• A)Many Canadian companies are finding it cheaper to raise money on U.S.stock exchanges.
• B)Canadian investors think these rules apply to Canadian companies.
• C)The Free Trade Act requires Canadian companies to follow U.S.rules.
• D)There is no similar body in Canada regulating the stock markets.

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Definitions:

Newborn

A baby from birth to about 2 months of age, characterized by rapid physical and sensory development.

Common Vegetable

A widely consumed plant or part of a plant, typically used in cooking as part of a healthy diet.

Babies

Very young infants, typically understood to be in the first year of life.

French Fries

Deep-fried potato strips, often salted, and served as a side dish or snack.