SSARSs define the preparation, compilation, and review of financial statements of a nonissuer and provide guidance concerning the standards and procedures applicable to such engagements. For the purpose of SSARs, which of the following is a nonissuer?
a. One whose securities trade on a stock exchange or over the counter, including securities quotes only regionally or locally
b. One that makes a filing with a regulatory agency in preparation for a sale of any class of securities to the public
c. A subsidiary, corporate joint venture, or other entity controlled by an issuer
d. A closely held corporation
Ans: d. A closely held corporation
You might also like to view...
The ________ the level of environmental sensitivity for a given product, the ________ the need for managers to address country-specific economic, regulatory, technological, social, and cultural environmental conditions
A) greater; greater B) lower; greater C) greater; lower D) lower; lower E) stronger; greater
By limiting imports through quotas, governments reduce the attractiveness of FDI and licensing
Indicate whether the statement is true or false.