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Who prepares financial statements for sec for public companies?
Public companies are required to prepare financial statements for the Securities and Exchange Commission (SEC) typically through their finance and accounting departments. These statements are often prepared by certified public accountants (CPAs) or financial professionals who ensure compliance with Generally Accepted Accounting Principles (GAAP) and SEC regulations. Additionally, external auditors may review and provide assurance on the accuracy and completeness of these financial statements before they are submitted to the SEC.
What can a CPA do that no one else can do?
Produce CERTIFIED Financial Statements. Most financial institutions that make business loans will require financial statements that are "Certified". Thus a regular Public Accountant would not suffice.
Who is responsible for the preparation of a company's financial statements for public?
The responsibility for the preparation of a company's financial statements for public disclosure primarily lies with the company's management, including the Chief Financial Officer (CFO) and other accounting staff. They must ensure that the financial statements are accurate, complete, and compliant with relevant accounting standards and regulations. Additionally, the company's board of directors and audit committee oversee this process to ensure accountability and integrity in financial reporting. External auditors also play a role by reviewing the statements for accuracy and compliance before they are made public.
What is auditioning?
auditing is the examination of financial statements by an independent certified public accountant as to the fairness with which the financial statements are prepared.
What are financial compilation services?
The certified public accountant (CPA) prepares--compiles--financial statements based on information supplied by the company's management.
How would you recommend to make financial information more relevant to the investing public and how will you deal with erring providers of doctored financial statements?
your big head
Should financial statement of non profit entities be subject to regulation?
Yes, financial statements of non-profit entities should be subject to regulation to ensure transparency, accountability, and trustworthiness. Regulation helps protect donors and stakeholders by providing accurate information about the organization's financial health and how funds are utilized. Additionally, it can prevent fraud and mismanagement, promoting responsible stewardship of resources intended for public good. Overall, regulatory oversight enhances the credibility of non-profits and fosters public confidence in their operations.
What has the author Yetive H Dean written?
Dean Michael Mead has written: 'What else you should know about a government's finances' -- subject(s): Accounting, Financial statements, Local finance, Public Finance 'An analyst's guide to government financial statements' -- subject(s): Accounting, Financial statements, Public Finance 'What you should know about your local government's finances' -- subject(s): Accounting, Financial statements, Local finance 'The quick guide to local government financial statements' -- subject(s): Accounting, Financial statements, Local finance
Where can you find a balance sheet for subway?
You can't, Subway is a private company and is not obligated to release their financial statements to the public
Does GAAP require comparative financial statements?
profit public companies dealing in the money markets required to provide Comparative balance sheet,profit and loss , cashflow statements.
When does a public company use a review instead of an audit?
Reviews are used for quarterly financial statements of publicly held companies.
Why is it important for public relations and financial reasons to be sure all entries are posted to monthly statements correctly?
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