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- Under federal securities laws, the SEC has the authority to set accounting standards in the United States. True /False ?What is the difference between Regulation S–K and Regulation S–X?a. Regulation S–K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S–X is directed toward the subsequent issuance of securities.b. Regulation S–K establishes reporting requirements for companies smaller than a certain size whereas Regulation S–X is directed toward companies larger than that size.c. Regulation S–K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S–X prescribes the form and content of financial statements included in SEC filings.d. Regulation S–K establishes reporting requirements for publicly held companies whereas Regulation S–X is directed toward private companies.What is the difference between Regulation S–K and Regulation S–X? choose the correct.a. Regulation S–K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S–X is directed toward the subsequent issuance of securities.b. Regulation S–K establishes reporting requirements for companies smaller than a certain size whereas Regulation S–X is directed toward companies larger than that size.c. Regulation S–K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S–X prescribes the form and content of financial statements included in SEC filings.d. Regulation S–K establishes reporting requirements for publicly held companies whereas Regulation S–X is directed toward private companies.
- What is the role of the Securities and Exchange Commission? Why are securities laws frequently referred to as “full disclosure laws”?The following information is an extract of the Continuous Disclosure Policy of the ANZ Bank Ltd: Why does ANZ have this policy? This policy directs compliance by ANZ with the disclosure requirements of the securities exchanges on which ANZ’s securities are listed and of relevant corporations and securities legislation. ANZ is committed to acting in accordance with the regulatory framework relating to continuous disclosure and observing the spirit, intention and purpose of that regulatory framework. By applying this policy, ANZ makes full and timely disclosure of market sensitive information in accordance with the relevant legal and regulatory framework and provides an equal and timely opportunity to all stakeholders to access this information. Information is market sensitive if a reasonable person would expect that information to have a material effect on the price or value of ANZ's securities. Where information is required to be disclosed (and does not fall within one of the…The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally acceptedaccounting principles.Required:1. Obtain the relevant authoritative literature on accounting for investments in held-to-maturity securities usingthe FASB’s Codification Research System at the FASB website www.fasb.org.2. What is the specific citation that describes examples of circumstances under which an investment in debt isavailable to be sold and therefore should not be classified as held-to-maturity?
- The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. Required: 1. Obtain the relevant authoritative literature on accounting for investments in held-to-maturity securities using the FASB’s Codification Research System at the FASB website ( www.fasb.org ). 2. What is the specific citation that describes examples of circumstances under which an investment in debt is available to be sold and therefore should not be classified as held-to-maturity? 3. List the circumstances and conditions.The Securities Exchange Act of 1934a. Regulates the public trading of previously issued securities through brokers and exchanges.b. Prohibits blue sky laws.c. Regulates the initial offering of securities by a company.d. Requires the registration of investment advisers.Problem 3: Public Companies must file required forms through EDGAR. What are the most important forms, subjected to the reporting provisions of the Securities Act, required to be filed with the SEC? Give detail as to what is included on/in the form.
- What are some SEC regulations regarding sales of new securities?What was the primary reason for the establishment of the 1933 Securities Act and the 1934 Securities Exchange Act? What power does the Securities and Exchange Commission (SEC) have?Describe the purpose(s) of various federal securities laws.