Which of the Following Organizations Requires Publicly Owned Companies to Be

question 219

Multiple Choice

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

• A) Securities and Exchange Commission (SEC)
• B) Public Company Accounting Oversight Board (PCAOB)
• C) Financial Accounting Standards Board (FASB)
• D) American Institute of Certified Public Accountants (AICPA)

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Definitions:

Say's Law

A principle that supply creates its own demand in the market.

Recession

A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation.

Money Supply

The collective sum of money in an economy, taking into account cash, coins, and balances within checking and savings accounts, at a specific timeframe.