Accounting Quiz9

Foreign accounting firms are exempt from registration.

Disclosure requirements include annual fees received from each issuer for the firm's audit and nonaudit services.

Information regarding disagreements between the issuer and the audit firm during the previous year must be disclosed.

Registration is required of all U.S. firms that prepare, issue, or participate in the preparation of an audit report for an entity that issues securities.

The Public Company Accounting Oversight Board subjects registered firms to periodic inspections.

A description of the risks associated with the securities.

A description of the properties of the registrant.

A description of the business of the registrant.

An explanation of the intended use of the proceeds.

Financial statements reviewed by an independent CPA.

A semiannual report filed with the SEC.

A quarterly report filed with the SEC.

An annual report filed with the SEC.

A form filed with the SEC before issuing stocks to acquire another company.

A form filed with the SEC before the company issues stock for the first time.

Regulation of the continuous reporting by publicly owned companies.

Regulation of independent audit firms and audit standards.

Accounting standards and penalties against persons who profit from illegal use of inside information.

Accounting standards and registration of investment companies that engage in investing and trading in securities.

Accounting standards and the registration of securities.

The registration of securities issued in connection with business combination transactions.

A procedure that allows a company to register securities and then sell them over a period of two years without reregistering.

The registration of mutual funds that engage in investing and trading securities.

A procedure that allows the sale of securities to a small group of knowledgeable investors without any general solicitation.

A method of filing Form 10-K with the SEC.

A procedure that allows the sale of securities to a small group of sophisticated knowledgeable investors, without any general solicitation.

A method of filing Form 10-K with the SEC.

A sale of securities to 35 or fewer accredited investors.

A procedure that allows a company to register securities and then sell them over a period of two years without reregistering.

The registration of mutual funds that engage in investing and trading securities.

1,000,000

2,000,000

200,000

400,000

500,000

2 and 4.

1 and 3.

1, 3, and 4.

1 and 2.

2, 3, and 4.

Additional data concerning expenses of issuance.

An explanation of the intended use of the proceeds to be generated by the sale of the new securities.

A description of the risks associated with the securities.

Financial statements for the issuing company audited by an independent CPA along with appropriate supplementary data.

A description of the business and the properties owned by the company.

Fees paid by stock brokers.

Tax revenues of the federal government.

Fees paid by accounting firms that practice before the SEC.

Fees paid by stock exchanges.

Registration fees charged to issuers offering securities to the public.