Question

The financial statements of a United States public company are most likely to follow: Quality control...

The financial statements of a United States public company are most likely to follow:

Quality control standards.

Public Company Accounting Oversight Board Principles.

Generally accepted accounting principles.

International Standards of Auditing.

Homework Answers

Answer #1

Quality control standards are made to exercise control over factors relating to production.

Public company accounting oversight board principles guide the audit of public companies and matters in connection therewith.

International standards on auditing are standards on how a financial audit is to be performed.

However general accepted accounting principles are accounting rules and principles that are usually following by entities in preparation of their financial statements and this is what a the financial statements of a United States public company is most likely to follow. In US, the Securities and Exchange Board (SEC) mandates that listed companies follow GAAP.

Therefore, the answer is "General Accepted Accounting Principles".

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