Which of the following is a correct statement regarding the SEC?
A. 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.
B. All public companies must file monthly statements with the SEC.
C. The Form 10-K must be filed within 30 days after the close of the fiscal year.
D. The SEC has the power to establish rules for any CPA associated with audited financial statements submitted to the commission.
Answer:D
Which of the following is a correct statement regarding the SEC?
A. 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. B. All public companies must file monthly statements with the SEC. C. The Form 10-K must be filed within 30 days after the close of the fiscal year. D. The SEC has the power to establish rules for any CPA associated with audited financial statements submitted to the commission.