Slide I Publicly Owned Corporations face Different rules Disclose financial information Financial statements prepared in accordance with GAAP ,tdf1441 CPAs must audit the financial statements Must comply with federal securities laws Must submit financial information for SEC review Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999?The McGraw-Hill Companies, Inc., 1999 Slide 11-4 Irwin/McGraw-Hill Disclose financial information. Financial statements prepared in accordance with GAAP. CPAs must audit the financial statements. Must comply with federal securities laws. Must submit financial information for SEC review. Publicly Owned Corporations face Different Rules