"When we talk about FTX, a common question arises, "Who audited the FTX?". As a component of the SEC accounting and auditing enforcement procedures, the audited more info financial statement (FS) submission to the SEC plays a critical role.
SEC mandates the submission of these audited FS. These SEC audited financial statements they facilitate the accountability and transparency of the related business entity.
In case anyone seeks how to submit audited FS to the SEC, there are guidelines and protocols that need to be followed.
Audits make up a significant observation field for the SEC. The SEC audit committee usually includes a financial expert as an integral member. Influencing audits forms one of the key powers that the SEC holds.
When it comes to the broker-dealer annual audit filing with SEC, compliance with this requirement is a significant aspect of the SEC regulations.
Auditing financial statements of FTX is seen in light of these rules and regulations, acknowledging the bond between FTC and SEC.
In the US, it's standard practice for an entity to require SEC's approval to function as an audit client. SEC also certifies external auditors, thereby enhancing quality checks in audited financial statements.
To clarify what the term 'SEC' refers to in an audit, it represents the U.S. Securities and Exchange Commission, a regulatory body that oversees audits.
Even in places like Texas, the SEC holds sway in regulatory matters. In conclusion, clarity regarding FTX's auditor to understanding SEC's influence, audit norms and protocols carry great weight in the finance industry."