Chapter 23, Problem 3UJ

Corporations whose stock is publicly traded must have their financial statements __________ by independent certified public accountants.

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The U.S. government agency with authority over the financial reporting requirements of publicly traded corporations is the .... AICPA FASB IRS SEC

Financial statements report the fair market value of a company. True False

Financial accounting is focused on the __________ financial statements of a company. External Internal

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Subject: general accounting

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explainThe separation of duties is part of the internal __________ for safeguarding assets.