SEC Reporting Requirements Flashcards
Foreign Private issue file which form
6-K
Corporate assets acquisition and disposal are reported in form?
8K
Changes to the accountant are reported in form?
8-K
Changes in securities and trading markets are reported in form?
8-K
Changes to Financial Statements are reported in form?
8-K
Changes Corporate Governance and management are reported in form?
8-K
From 6-K contain audited or unaudited financial statements
Unaudited
Which forms are required to be file by directors, officers, or beneficial owners of more than 10% of a class of equity securities of a registered company
For, 3, 4, and 5
10%
Form 20-F is filed by
Non-U.S. (10K) annual report
From 40-F is filed by
Canadian (10K) annual report
What are 20-F and 40-F
These forms are similar to Form 10 -K and contain Financial Disclosure, including a Summary of Financial Data, MD&A, and audited Financial Statements. Should be prepared using U.S GAAP IFRS or a comprehensive body of accounting principles other than U.S GAAP or IFRS.
What is Form 11-K?
The is the annual report of a company’s Employee Benefit Plan(s).
What is Form 10-Q
This form contains unaudited Financial Statements prepared under U.S GAAP, Interim Period MD&A, and certain Disclosure.
What is Form 10-K
Filed annually by U.S. registered companies. It contains Financial Disclosure, including a summary of Financial Data, MD&A, and audited Financial Statements prepared by U.S. GAAP.
10-K Deadline for Large Accelerated Companies?
60 days
10-K Deadline for Accelerated Companies?
75 days
10-K Deadline for all other Companies?
90 days
10-Q Deadline for Large Accelerated Companies?
40 days
10-Q Deadline for Accelerated Companies?
40 days
10-Q Deadline for all Companies?
45 days
What does registration statement to the SEC that includes?
- Disclosure about the securities being offered
- The relationship between new and other securities
- Information similar to that filed in annual filing
- Audited Financial Statements
- A Description of business risk factors
Regulation S-X, Interim Financial Statements filed with SEC should be reviewed by
independent public accountant and review report must be filed with the Financial Statements.
Under the S-X, Is a Balance Sheet for the corresponding fiscal quarter for the preceding fiscal year required
It is not required unless necessary to understand the impact of seasonal fluctuations.
Under the S-X which Balance Sheet info is required?
Balance Sheet as of the end of the most recent fiscal quarter and as of the end of the preceding fiscal year.
Under the S-X which Income Statement info is required?
Income Statement for the most recent fiscal quarter, for the period between the end of the preceding fiscal year and the end of the most recent fiscal quarter, and for the corresponding periods of the preceding fiscal year. The Financial Statements for the cumulative 12-month period ended during the most recent fiscal quarter and for the corresponding preceding period.
Under the S-X what info regarding Statement of Cash Flows
Statement of CF for period between the end of preceding fiscal year and the end of most recent fiscal quarter, and for the corresponding period for the preceding fiscal year. The FSs may also present Statement of CF for the cumulative 12-month period ended during the most recent fiscal quarter and for the corresponding preceding period.
How adjustments for Fair presentation are made in interim statements
Interim FSs should reflect adjustments necessary to fairly state the results of the interim period, and a statement to that effect should be included in the notes to FSs.
What FV adjustment are reflected in interim statements?
Estimated provisions of bonus and profit-sharing arrangements that are normally determined or settled at year end.
FS should include a detailed description of the nature and amount of adjustments that are not normal recurring adjustments.
Can Interim Financial Statements may be condensed FS?
YES
What Disclosure can be omitted?
Interim reports may omit the summary of significant accounting policies, the details of accounts that have not changed significantly since the end of the most recent fiscal year
Are Material contingencies required?
YES
Event subsequent to the end of most recent fiscal year that have a material impact on the entity?
Changes in accounting principle, change in estimates, changes in the status of long-term contracts, significant borrowing or modifications of financing arrangements, and business combinations or dispositions.
