SEC

Question 1

Foreign Private Issuer

Answer 1

nongovernmental entity that has majority of its securities owned outside US, officers and directors not US citizens, majority of assets and business outside of US

Question 2

SEC Pronouncements are only followed by

Answer 2

Public companies

Question 3

SEC Pronouncements

Answer 3

authoritative part of FASB codification

Question 4

Form 10-K

Answer 4

financial statements, must be audited by an independent auditor. 2 yrs of BS, 3 yrs of (IS, SCF, SE)

Question 5

Deadlines for 10-K filings

Answer 5

Large Accelerated Filer (Market value > or = to $700 million: 60 days after YE
Accelerated Filer (Market value > or = to 75 million and < $700 million: 75 days after YE
Nonaccelerated Filer (Market value < 75 million: 90 days after YE

Question 6

Form 10-Q

Answer 6

financial statements, not audited but reviewed by an independent auditor.

Question 7

Form 8-K

Answer 7

Interim Reports significant activities within 4 business days after significant event: acquisition, bankruptcy, resignation of director, disposal activities

Question 8

Securities Act 1934

Answer 8

applies to reporting info about securities that are already issued

Question 9

Regulation S-X

Answer 9

provides detailed guidance on the reporting requirements