Question 1

For what purpose is the SEC's Registration Form S-4 used?

Accepted Answer

Registration Form S-4 is used

Question 2

What is required by the Trust Indenture Act of 1939?

Accepted Answer

The Trust Indenture Act of 193

Question 3

Which one of the following requires the registration of mutual funds that engage in investing and trading in securities?

Accepted Answer

A)  The Securities Act of 1933. 
B)  The Securities Exchange Act of 1934. 
C)  The Investment Company Act of 1940. 
D)  The Foreign Corrupt Practices Act of 1977. 
E)  The Sarbanes-Oxley Act of 2002. 
A)  The Securities Act of 1933. 
B)  The Securities Exchange Act of 1934. 
C)  The Investment Company Act of 1940. 
D)  The Foreign Corrupt Practices Act of 1977. 
E)  The Sarbanes-Oxley Act of 2002.

Question 4

Filings with the SEC are divided generally into two broad categories:

Accepted Answer

A)  Registration statements and perpetual filings. 
B)  Reconciliation statements and periodic filings. 
C)  Registration statements and periodic filings. 
D)  Registration filings and reconciliation statements. 
E)  Reconciliation filings and perpetual filings. 
A)  Registration statements and perpetual filings. 
B)  Reconciliation statements and periodic filings. 
C)  Registration statements and periodic filings. 
D)  Registration filings and reconciliation statements. 
E)  Reconciliation filings and perpetual filings.

Question 5

What is the purpose of the SEC's Regulation S-K?

Accepted Answer

Regulation S-K estab

Question 6

Which one of the following is not a prescribed event for the filing of Form 8-K?

Accepted Answer

A)  Bankruptcy or receivership. 
B)  Changes in control of the registrant. 
C)  Resignation of a middle manager. 
D)  Changes in the registrant's independent auditor. 
E)  Acquisitions or dispositions of assets. 
A)  Bankruptcy or receivership. 
B)  Changes in control of the registrant. 
C)  Resignation of a middle manager. 
D)  Changes in the registrant's independent auditor. 
E)  Acquisitions or dispositions of assets.

Question 7

Regulation S-X specifies:

Accepted Answer

A)  Requirements for the nonfinancial information to be filed with the SEC. 
B)  Which form a company must file to register new securities. 
C)  That the financial statements included in a company's annual report must be audited. 
D)  The form and content of financial statements to be filed with the SEC. 
E)  The internal controls a publicly traded company must maintain. 
A)  Requirements for the nonfinancial information to be filed with the SEC. 
B)  Which form a company must file to register new securities. 
C)  That the financial statements included in a company's annual report must be audited. 
D)  The form and content of financial statements to be filed with the SEC. 
E)  The internal controls a publicly traded company must maintain.

Question 8

A wraparound filing:

Accepted Answer

A)  May be used by large companies to sell securities over a period of two years without re-filing with the SEC. 
B)  Is a simplified registration procedure for securities to be issued by small companies. 
C)  Allows a company to simplify its periodic filing by attaching its annual report to Form 10-K. 
D)  Is a filing completed using the SEC's electronic filing system. 
E)  May remain in effect for a period of one to five years. 
A)  May be used by large companies to sell securities over a period of two years without re-filing with the SEC. 
B)  Is a simplified registration procedure for securities to be issued by small companies. 
C)  Allows a company to simplify its periodic filing by attaching its annual report to Form 10-K. 
D)  Is a filing completed using the SEC's electronic filing system. 
E)  May remain in effect for a period of one to five years.

Question 9

What are the four interconnected goals that the SEC has tried to achieve?

Accepted Answer

The four interconnected goals include:(1

Question 10

Which one of the following requires the maintenance of accounting records and adequate internal accounting controls?

Accepted Answer

A)  The Securities Act of 1933. 
B)  The Securities Exchange Act of 1934. 
C)  The Investment Company Act of 1940. 
D)  The Foreign Corrupt Practices Act of 1977. 
E)  Insider Trading Sanctions Act of 1984. 
A)  The Securities Act of 1933. 
B)  The Securities Exchange Act of 1934. 
C)  The Investment Company Act of 1940. 
D)  The Foreign Corrupt Practices Act of 1977. 
E)  Insider Trading Sanctions Act of 1984.

Question 11

What is private placement of securities?

Accepted Answer

A)  A procedure that allows a company to register securities and then sell them over a period of two years without reregistering. 
B)  A procedure that allows the sale of securities to no more than 35 sophisticated knowledgeable investors, with no general solicitation allowed. 
C)  A method of filing Form 10-K with the SEC. 
D)  The registration of mutual funds that engage in investing and trading securities. 
E)  A sale of securities to no more than 50 accredited investors, with no general solicitation allowed. 
A)  A procedure that allows a company to register securities and then sell them over a period of two years without reregistering. 
B)  A procedure that allows the sale of securities to no more than 35 sophisticated knowledgeable investors, with no general solicitation allowed. 
C)  A method of filing Form 10-K with the SEC. 
D)  The registration of mutual funds that engage in investing and trading securities. 
E)  A sale of securities to no more than 50 accredited investors, with no general solicitation allowed.

Question 12

What Federal agency has Congressional authority to amend, modify, repeal, or reject auditing standards?

Accepted Answer

The Securi

Question 13

A proxy statement must be filed with the SEC at least how many days before being distributed?

Accepted Answer

A)  30 days. 
B)  60 days. 
C)  10 days. 
D)  90 days. 
E)  7 days. 
A)  30 days. 
B)  60 days. 
C)  10 days. 
D)  90 days. 
E)  7 days.

Question 14

Which of the following are issued by the SEC, as needed, to supplement Regulation S-X and Regulation S-K?

Accepted Answer

A)  SABs. 
B)  ASRs. 
C)  FRRs. 
D)  ARBs. 
E)  SRBs. 
A)  SABs. 
B)  ASRs. 
C)  FRRs. 
D)  ARBs. 
E)  SRBs.

Question 15

Who has the responsibility for the evaluation of the quality of an investment?

Accepted Answer

The answer of Who has the responsibility for the evaluation...

Question 16

Which of the following forms is used in connection with registration of securities of a small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates?

Accepted Answer

A)  S-8. 
B)  S-3. 
C)  S-4. 
D)  S-1. 
E)  S-11. 
A)  S-8. 
B)  S-3. 
C)  S-4. 
D)  S-1. 
E)  S-11.

Question 17

When must Form 8-K be filed with the SEC?

Accepted Answer

A)  Within forty-five days of the end of any quarter other than the fourth quarter of the fiscal year. 
B)  Within ninety days of the end of the fiscal year. 
C)  Within fifteen days of the occurrence of certain significant events. 
D)  Within sixty days of the end of the fiscal year. 
E)  When a relatively small company intends to issue securities. 
A)  Within forty-five days of the end of any quarter other than the fourth quarter of the fiscal year. 
B)  Within ninety days of the end of the fiscal year. 
C)  Within fifteen days of the occurrence of certain significant events. 
D)  Within sixty days of the end of the fiscal year. 
E)  When a relatively small company intends to issue securities.

Question 18

The prospectus part of a registration contains all except which of the following?

Accepted Answer

A)  Financial statements for the issuing company audited by an independent CPA along with appropriate supplementary data. 
B)  An explanation of the intended use of the proceeds to be generated by the sale of the new securities. 
C)  A description of the risks associated with the securities. 
D)  A description of the business and the properties owned by the company. 
E)  Additional data concerning expenses of issuance. 
A)  Financial statements for the issuing company audited by an independent CPA along with appropriate supplementary data. 
B)  An explanation of the intended use of the proceeds to be generated by the sale of the new securities. 
C)  A description of the risks associated with the securities. 
D)  A description of the business and the properties owned by the company. 
E)  Additional data concerning expenses of issuance.

Question 19

Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?

Accepted Answer

A)  Minimizes self-regulation in the accounting profession. 
B)  Has the authority to amend, modify, repeal, or reject any audit standard of the ASB. 
C)  Only one member can be an accountant, past or present. 
D)  SEC has oversight and enforcement authority over the Board. 
E)  Enforces auditing, quality control, and independence standards and rules. 
A)  Minimizes self-regulation in the accounting profession. 
B)  Has the authority to amend, modify, repeal, or reject any audit standard of the ASB. 
C)  Only one member can be an accountant, past or present. 
D)  SEC has oversight and enforcement authority over the Board. 
E)  Enforces auditing, quality control, and independence standards and rules.

Question 20

Name five securities offerings exempt from registration with the SEC.

Accepted Answer

Securities offerings exempt from registr

For what purpose is the SEC's Registration Form S-4 used?

What is required by the Trust Indenture Act of 1939?

Which one of the following requires the registration of mutual funds that engage in investing and trading in securities?

Filings with the SEC are divided generally into two broad categories:

What is the purpose of the SEC's Regulation S-K?

Which one of the following is not a prescribed event for the filing of Form 8-K?

Regulation S-X specifies:

A wraparound filing:

What are the four interconnected goals that the SEC has tried to achieve?

Which one of the following requires the maintenance of accounting records and adequate internal accounting controls?

What is private placement of securities?

What Federal agency has Congressional authority to amend, modify, repeal, or reject auditing standards?

A proxy statement must be filed with the SEC at least how many days before being distributed?

Which of the following are issued by the SEC, as needed, to supplement Regulation S-X and Regulation S-K?

Who has the responsibility for the evaluation of the quality of an investment?

Which of the following forms is used in connection with registration of securities of a small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates?

When must Form 8-K be filed with the SEC?

The prospectus part of a registration contains all except which of the following?

Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?

Name five securities offerings exempt from registration with the SEC.

Accounting for Estates and Trusts

Accounting and Reporting for Private Not-For-Profit Organizations

Accounting for State and Local Governments, Part II

Accounting for State and Local Governments, Part I

Partnerships: Termination and Liquidation

Partnerships: Formation and Operation

Accounting for Legal Reorganizations and Liquidations

Worldwide Accounting Diversity and International Accounting Standards

Translation of Foreign Currency Financial Statements

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Segment and Interim Reporting

Consolidated Financial Statements - Ownership Patterns and Income Taxes

Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues

Consolidated Financial Statements Intra-Entity Asset Transactions

Consolidated Financial Statements and Outside Ownership

Consolidations - Subsequent to the Date of Acquisition

Consolidation of Financial Information

The Equity Method of Accounting for Investments

Filters

Exam 12: Financial Reporting and the Securities and Exchange Commission

For what purpose is the SEC's Registration Form S-4 used?

What is required by the Trust Indenture Act of 1939?

Which one of the following requires the registration of mutual funds that engage in investing and trading in securities?

Filings with the SEC are divided generally into two broad categories:

What is the purpose of the SEC's Regulation S-K?

Which one of the following is not a prescribed event for the filing of Form 8-K?

Regulation S-X specifies:

A wraparound filing:

What are the four interconnected goals that the SEC has tried to achieve?

Which one of the following requires the maintenance of accounting records and adequate internal accounting controls?

What is private placement of securities?

What Federal agency has Congressional authority to amend, modify, repeal, or reject auditing standards?

A proxy statement must be filed with the SEC at least how many days before being distributed?

Which of the following are issued by the SEC, as needed, to supplement Regulation S-X and Regulation S-K?

Who has the responsibility for the evaluation of the quality of an investment?

Which of the following forms is used in connection with registration of securities of a small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates?

When must Form 8-K be filed with the SEC?

The prospectus part of a registration contains all except which of the following?

Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?

Name five securities offerings exempt from registration with the SEC.

Accounting for Estates and Trusts

Accounting and Reporting for Private Not-For-Profit Organizations

Accounting for State and Local Governments, Part II

Accounting for State and Local Governments, Part I

Partnerships: Termination and Liquidation

Partnerships: Formation and Operation

Accounting for Legal Reorganizations and Liquidations

Worldwide Accounting Diversity and International Accounting Standards

Translation of Foreign Currency Financial Statements

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Segment and Interim Reporting

Consolidated Financial Statements - Ownership Patterns and Income Taxes

Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues

Consolidated Financial Statements Intra-Entity Asset Transactions

Consolidated Financial Statements and Outside Ownership

Consolidations - Subsequent to the Date of Acquisition

Consolidation of Financial Information

The Equity Method of Accounting for Investments

Filters