Accounting Quiz7
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Which one of the following is not a prescribed event for the filing of Form 8-K?
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Changes in control of the registrant.
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Changes in the registrant's independent auditor.
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Acquisitions or dispositions of assets.
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Resignation of a middle manager.
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Bankruptcy or receivership.
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Quiz Preview
- 2.
Which one of the following requires the audit committee to be responsible for the appointment and compensation of the external auditor?
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The Foreign Corrupt Practices Act of 1977.
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The Sarbanes-Oxley Act of 2002.
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The Securities Act of 1933.
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The Securities Exchange Act of 1934.
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The Investment Company Act of 1940.
Correct Answer
A. The Sarbanes-Oxley Act of 2002. -
- 3.
Which one of the following regulates the subsequent trading of securities through brokers and exchanges?
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The Investment Advisers Act of 1940.
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The Sarbanes-Oxley Act of 2002.
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The Securities Act of 1933.
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The Securities Exchange Act of 1934.
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The Investment Company Act of 1940.
Correct Answer
A. The Securities Exchange Act of 1934. -
- 4.
Which one of the following regulates the initial offering of securities by a company or underwriter?
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The Investment Advisers Act of 1940.
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The Sarbanes-Oxley Act of 2002.
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The Securities Act of 1933.
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The Securities Exchange Act of 1934.
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The Investment Company Act of 1940.
Correct Answer
A. The Securities Act of 1933. -
- 5.
Which one of the following requires the maintenance of accounting records and adequate internal accounting controls?
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The Foreign Corrupt Practices Act of 1977.
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The Sarbanes-Oxley Act of 2002.
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The Securities Act of 1933.
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The Securities Exchange Act of 1934.
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The Investment Company Act of 1940.
Correct Answer
A. The Foreign Corrupt Practices Act of 1977. -
- 6.
Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?
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SEC has oversight and enforcement authority over the Board.
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Enforces auditing, quality control, and independence standards and rules.
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C. Has the authority to amend, modify, repeal, or reject any audit standard of the ASB.
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Only one member can be an accountant, past or present.
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Minimizes self-regulation in the accounting profession.
Correct Answer
A. Only one member can be an accountant, past or present. -
- 7.
Which one of the following requires the registration of mutual funds that engage in investing and trading in securities?
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The Foreign Corrupt Practices Act of 1977.
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The Sarbanes-Oxley Act of 2002.
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The Securities Act of 1933.
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The Securities Exchange Act of 1934.
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The Investment Company Act of 1940.
Correct Answer
A. The Investment Company Act of 1940. -
- 8.
Which one of the following is not a prescribed event for the filing of Form 8-K?
-
Changes in control of the registrant.
-
Changes in the registrant's independent auditor.
-
Acquisitions or dispositions of assets.
-
Resignation of a middle manager.
-
Bankruptcy or receivership.
Correct Answer
A. Resignation of a middle manager. -
- 9.
Which one of the following Federal laws was enacted in 1935?
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Securities Act.
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Public Utility Holding Company Act.
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Securities Exchange Act.
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Trust Indenture Act.
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Investment Company Act.
Correct Answer
A. Public Utility Holding Company Act. -
- 10.
Which one of the following is not a division of the SEC?
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The Division of Investment Management.
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The Division of Enforcement.
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The Division of Corporation Finance.
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The Division of Trading and Markets.
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The Division of Compliance Information.
Correct Answer
A. The Division of Compliance Information. -
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Current Version
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Feb 15, 2013Quiz Edited by
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