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1. Which one of the following is
not
a division of the SEC?
2. The goals of the SEC include all
except
which one of the following?
3. Which one of the following Federal laws was enacted in 1935?
4.
Regulation S-K
:
5. Which of the following are issued by the SEC, as needed, to supplement
Regulation S-X
and
Regulation S-K
?
6.
Regulation S-X
specifies:
7. Which one of the following forms is used when no other form is
prescribed?
8. A
wrap-around filing
:
9. Which one of the following registration statement forms is used by large
issuers that already have at least $75 million voting stock held by non-affiliates?
10. What is
Form 10-K
?
11. The
prospectus
part of a registration contains all
except
which of the
following?
12. When must
Form 8-K
be filed with the SEC?
13. Which of the following securities offerings is
not
exempt from registration
prior to their sale?
14. Lechter Co. is preparing to issue stock. Its revenues for last year were
$85,000,000, and it had $52,000,000 in stock held by non-affiliates. The company
had been filing with the SEC for eight years. Which one of the following forms
should have been used for registration?
15. Which one of the following is
not
a prescribed event for the filing of Form
8-K?
16. The SEC's operating costs are supported through
17. A
proxy statement
must be filed with the SEC at least how many days
before being distributed?
18. The SEC has usually restricted its role in establishing accounting
principles to
19. Information required in
proxy statements
includes all
except
which of the
following?
20. A
letter of comments
would be issued by the SEC
21. Which one of the following regulates the initial offering of securities by a
company or underwriter?
22. Which one of the following regulates the subsequent trading of securities
through brokers and exchanges?
23. Which one of the following requires the maintenance of accounting
records and adequate internal accounting controls?
24. Which one of the following is
not
a characteristic of the Public Company
Accounting Oversight Board?
25. Which statement is
false
regarding the registration of public accounting
firms with the PCAOB under the Sarbanes-Oxley Act?
26. What is the primary focus of the Sarbanes-Oxley Act?
27. How has the SEC exercised its power with regard to the continuing
evolution of accounting principles?
1. Issuing Financial Reporting Releases (FRRs).
2. Requiring additional disclosures in notes to financial statements.
3. Declaring a moratorium on the use of specified accounting practices.
4. Overruling the FASB.
28. Which of the following is
not
a security as defined by the SEC?
29. EDGAR stands for:
