"When FTX is under discussion, a common question to arise is, “Who performed the audit on FTX?”. In the framework of the SEC’s regulatory enforcement on accounting and auditing, a crucial part resides in the submission of audited FS to SEC.

The submission of such audited FS is compulsorily required by SEC. In the case of these SEC audited financial statements they facilitate the accountability and transparency of the related business entity.

In case anyone seeks how to submit audited FS to the SEC, there exists a set of protocols and guidelines that should be adhered to.

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.

In terms of the broker-dealer annual audit filing with the SEC, the commitment to these requirements serves as a major aspect of SEC rulings.

The auditing of FTX financial statements is supervised under these regulations, considering the link 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. SEC also recognizes external auditors bringing forth robust quality click here control in audited financial documents.

To clarify what the term 'SEC' refers to in an audit, it outlines the U.S. Securities and Exchange Commission, an authoritative body governing audits.

SEC's influence extends even to places like Texas in terms of regulatory issues. Overall, knowing the auditor of FTX and understanding SEC's impact, the audit processes and standards bear great significance in the financial sector."