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The proxy statement issued by a corporation is a requirement of: a. The Securities & Exchange Commission (SEC) b. The Financial Accounting Standards Board (FASB) c. No requirement exists d. The audit committee of the board of directors

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Answer:

The answer is "Option a".

Explanation:

A proxy statement is a file, that provides security and exchange in data commission, that is a powerful tool for holders, as it tells employees, that together with the instructions to do, and other choices, which could be listed as follows are wrong:

  • In option b, It is used in accounting guidelines, that's why it is wrong.
  • In option c, It requires, that's why it is incorrect.
  • In option d, It is wrong because it doesn't committee.

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