SEC - Reporting Requirements Flashcards
What information does the 8-K provide?
Significant events affecting the company.
What are the steps in the offering process?
Issuer, underwriter, dealer, public.
What information does Management Discussion & Analysis (MD&A) provide?
A discussion of important aspects of the firm from the viewpoint of management.
What does registration with the Securities and Exchange Commission (SEC) require?
Extensive disclosures about the company, management, and the intended use of the proceeds from the issue.
How many years of cash flow data are required by the Securities and Exchange Commission (SEC)?
Three years are required.
How many years of balance sheet data are required by the Securities and Exchange Commission (SEC)?
Two years are required.
What information does Management Discussion & Analysis (MD&A) cover?
The firm’s financial condition, changes in financial condition, results of operations, liquidity, capital resources and operations, and indications in trends, significant events, and uncertainties.
Within how many days after the fiscal year end of a large accelerated filer does a 10-K need to be filed?
Sixty days.
Does the Sarbanes-Oxley Act allow auditors to complete non-audit services for clients?
No, the Sarbanes-Oxley Act does not allow this.
Where are the Securities and Exchange Commission (SEC) formal rules found?
The Code of Federal Regulations.
What does the Securities Act of 1934 do?
Regulates the trading of securities after they are issued and requires periodic reporting.
Within how many days after the end of the quarter does a company need to file the 10-Q?
Forty days for large accelerated filers and accelerated filers; forty-five days for non-accelerated filers.
How many years of income statement data are required by the Securities and Exchange Commission (SEC)?
Three years are required.
How many years of selected financial data are required by the Securities and Exchange Commission (SEC)?
Five years are required.
What law prohibits the bribing of foreign officials?
The Foreign Corrupt Practices Act of 1977.
