Accountancy in The USA

>> Audit Requirements in The USA

Privately Held Entities

There are no legal requirements for privately held entities to have audited financial statements. In addition, there is no requirement for a directors’ report. Audited financial statements may be required as a condition of outside financing agreements or other contracts.

Publicly held (listed) entities

Annual financial statements are required, and they must be audited by a firm registered with the Public Company Accounting Oversight Board. In addition, publicly held entities must have their quarterly financial statements reviewed  by a registered firm.


Latest version updated 10th November 2017

Country Breakdown

323.1

Million

Population

$

United States Dollar

Currency

$ 57466.79

GDP

9.834

Million

km2