"When we talk about FTX, a common question arises, "Who audited the FTX?". In line with the SEC's accounting and auditing enforcement, a crucial part resides in the submission of audited FS to SEC.
SEC mandates the submission of these audited FS. When it comes to these SEC's audited financial documents, it helps in establishing accountability and transparency of the organization concerned.
If one wonders how to submit audited FS to SEC, certain guidelines should be followed in accordance with protocols.
Audits constitute an integral part of SEC's monitoring. 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.
As for the annual audit filing of broker-dealer with the SEC, compliance with this requirement is a significant aspect of the SEC regulations.
Auditing financial statements of FTX falls under the oversight check here of these regulations, given the interconnection between the FTC and SEC.
In the US, it's standard practice for an entity to require SEC's approval to function as an audit client. The SEC also accredits external auditors, ensuring quality control in audited financial reports.
When it comes to defining 'SEC' in terms of an audit, it means the U.S. Securities and Exchange Commission, an organization that regulates audits.
SEC's influence extends even to places like Texas in terms of regulatory issues. In conclusion, clarity regarding FTX's auditor to understanding SEC's influence, audit norms and protocols carry great weight in the finance industry."