What are the role of the stock exchange in company accounting ?

Each exchange has rules about the accounting standards that its listed companies must meet. For instance, companies must provide timely filings. If a company is unable to provide a timely filing, it may, and usually is, de-listed from the exchange.

An exchange may also require that a firm meet certain accounting standards. Most US exchanged require that firm publish their accounts in accordance with US GAAP. (There are other standards for non-US firms that list their ADRs on US exchanges.)

So, in general, exchanges will require a minimum accounting standard and have ongoing requirements that their listed firms meet those standards or else the firm will be de-listed.

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