"When we talk about FTX, a common question arises, "Who audited the FTX?". In the framework of the SEC’s regulatory enforcement on accounting and auditing, the submission of the audited financial statements to SEC is of paramount importance.
It's a requirement by SEC to submit these audited FS. When it comes to these SEC's audited financial documents, they facilitate the accountability and transparency of the related business entity.
If one wonders how to submit audited FS to SEC, there are guidelines and protocols that need to be followed.
Audits constitute an integral part of SEC's monitoring. In the composition of the SEC audit committee, a financial expert commonly plays a vital role. Influencing audits forms one of the key powers that the SEC holds.
As for the annual audit filing of broker-dealer with the SEC, conformity with these regulations is one of the significant issues under the purview of SEC.
When auditing website the financial records of FTX is supervised under these regulations, considering the link between the FTC and SEC.
To serve as an audit client in the US, SEC's endorsement is usually required. The SEC also accredits external auditors, ensuring quality control in audited financial reports.
To clarify what the term 'SEC' refers to in 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."