What is an NPAE?
NPAEs are Non-Publicly Accountable Entities.
NPAEs are not:
· Entities that have their equity securities and debt securities publicly traded.
· Entities that have to submit their financial statements to the SEC, the SET or other government bodies.
· Entities that are governed by specific legislation, like Banks, Insurance companies, Securities companies,
mutual funds and other financial institutions.
· Public companies.