SEC Reporting Requirements

Question 1

What does regulation S-X govern?

Answer 1

-Form and content of financial statements and financial statement disclosures

Question 2

What does regulation S-K govern?

Answer 2

-Form and content of nonfinancial statement disclosures (ex. business description, MD&A, info on directors and mgmt)

Question 3

What is Form S-1?

Answer 3

-Basic registration form for new securities

Question 4

What’s required to be included in the S-1 prospectus?

Answer 4

• Audit financial statements

- 5 yrs of selected financial information

Question 5

What is a proxy statement?

Answer 5

-Report by which mgmt requests right to vote through proxy for shareholders at meetings

Question 6

What are the market caps of Large Accelerated Filers, Accelerated Filers, and Non-Accelerated Filers?

Answer 6

• $700 million or more

- $75 to

Question 7

What are the filing deadlines for Large Accelerated Filers, Accelerated Filers, and Non-Accelerated Filers (10-K and 10-Q)?

Answer 7

• 10-K (60, 75, 90 days after year end)

- 10-Q (40, 40, 45 days after quarter end)

Question 8

How should prospective information be prepared?

Answer 8

-In accordance w/ GAAP