Which element is a required disclosure in the prospectus, according to the Securities Act of 1933?...
Which element is a required disclosure in the prospectus, according to the Securities Act of 1933?
1- Audited financial statements
2- Tax returns
3- Internal control reports
4- Budgets
Homework Answers
Ans: ( 1) Audited financial statements
Explanation:
1) Securities Act of 1933 was created with two major goals after the crash of stock market in 1929.
2) Major Goal of the act were,
- Transparency in financial statement
- Establish Laws Against Fraudulent activity.
3) This act has a prospectus, which requires certaidm items.
4) Audited financial statements, is one of the required items of it.
Hence option ( 1) is correct choice.
Add Answer to:
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