45- Which of the following is a correct statement regarding the SEC? A.All public companies must...
45- Which of the following is a correct statement regarding the SEC?
A.All public companies must file monthly statements with the SEC.
B.The Securities Act of 1934 requires most companies planning to issue new securities to the public to submit a registration statement to the SEC for approval.
C.The SEC has the power to establish rules for any CPA associated with audited financial statements submitted to the commission.
D.The Form 10−K must be filed within 30 days after the close of the fiscal year.
Homework Answers
| The SEC has the power to establish rules for any CPA associated with audited financial statements submitted to the commission. |
| The SEC has the power in setting generally accepted accounting principles (GAAP) and rules regarding CPA's for financial statement audits. |
| Form 10−K must be filed within 60,75 or 90 days depending on category of filer. |
| Option C is correct |
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