The Third Party Who Checks Annual Financial Statements to Ensure

question 41

Multiple Choice

The third party who checks annual financial statements to ensure that they are prepared according to Generally Accepted Accounting Principles (GAAP) and verifies that the information reported is reliable is the ________.

• A) NYSE Enforcement Board
• B) Accounting Standards Board
• C) Securities and Exchange Commission (SEC)
• D) auditor

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Definitions:

Social Entrepreneurship

The practice of creating businesses with the primary goal of achieving social impact rather than maximizing profits alone.

Multiple Sources

Relying on or referring to more than one origin or point of information.

Government Contracts

Agreements entered into by government entities and private companies or individuals for the provision of goods, services, or execution of works.

State Taxes

Taxes imposed by individual states in a country, which can include income, sales, property, and other forms of taxation.