Final answer:
The primary user of the audited financial statements is the SEC (Securities and Exchange Commission). The audited financial statements provide important information to potential investors and help ensure transparency and accuracy in financial reporting. The SEC uses these statements to assess the company's financial health and compliance with regulations.
Step-by-step explanation:
The primary user of the audited financial statements for a brand new company going public and its stock being listed on a stock exchange is the SEC (Securities and Exchange Commission). The SEC is a government regulatory agency that oversees and regulates the securities industry in the United States. It requires companies to file audited financial statements to ensure transparency and accuracy in financial reporting.
The audited financial statements provide important information to potential investors and the public, allowing them to make informed decisions about buying or selling the company's stock. These financial statements include the company's balance sheet, income statement, statement of cash flows, and statement of changes in shareholders' equity.
By reviewing the audited financial statements, the SEC can assess the company's financial health, compliance with accounting standards, and adherence to regulations. This helps protect investors from fraudulent practices and promotes fair and efficient capital markets.