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The goal of the U.S. Securities and Exchange commission is to protect investors. They strive to maintain a fair and efficient market.
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Who is the primary accounting standard setting body in the US?
The IRS ? No....the SEC (Securities and Exchange Commission) would appear to have the most legal power in response to the establishment of standards. The FASB (Financial Accounting Standards Board), however, has been delegated this authority through the SEC, as long as they satisfy public interest.
What are the characteristics of a public corporation?
Public corporations issue securities
There are no externally imposed generally accepted accounting principles for managerial accounting discuss the statements giving illustrations on the nature and scope of management accounting?
The financial statements of all public companies, both large and small, must follow generally accepted accounting principles as well as the Securities and Exchange Commission's accounting rules. Answer True False
Why do public companies publish annual reports?
A company that is publicly owned is required to issue an annual report to stockholders. The annual report includes a wide variety of financial information and a discussion and analysis of operations by management. Many of the financial disclosures found in an annual report are required by regulatory bodies such as the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). A typical annual report will contain sections on financial statements, letter to shareholders, footnotes to the financial statements, and an auditor's report.
What does blue sky mean in accounting terms?
A law designed to protect the public from buying fraudulent securities. Answered by Dan Peterson, CPA
Who did the Treadway Commission issue recommendations to?
It issued a series of recommendations for the public company, the independent public accountant, the Securities and Exchange Commission (SEC), and the educational community.
With which federal agency must a public company file?
The appeal of being a public company, which requires a filing with the U.S. Securities and Exchange Commission (SEC), in accordance with the requirements of the Securities Act of 1933,
Is charged by Congress to set reporting rules for organizations that sell ownership shares to the public?
the (SEC) Securities and Exchange Commission
How do the stock analysts calculate the percent value for Institutional Ownership in a public company?
It is calculated based on public filings with the Securities and Exchange Commission: 13G, 13D, 13F.
What are the legal requirements for the ipo?
An initial public offering, or IPO, is the first public sale of a corporation's shares. They are governed by federal securities laws and legislation that is enforced by the Securities and Exchange Commission. Blue Sky laws are state security laws that regulate an IPO.
What are marketing securities?
Marketable securities are stocks, bonds, and derivatives which are sold and bought in a public market such as a stock exchange.
What is a DA form 1357?
DA Form 1357 is a form used by the Securities and Exchange commission that denotes the owner of a particular stock. DA Form 1357 is usually not a public form, but a government one.
What does offering corporation mean?
"offering corporation" means a corporation that is offering its securities to the public within the meaning of subsection and that is not the subject of an order of the Commission deeming it to have ceased to be offering its securities to the public
What Act was to restore public faith and trust in the securities markets battered by the stock market crash of 1929?
Securities Exchange Act of 1934
What are the responsibility of the Securities and Exchange Commission?
Do you mean the past or present purpose of the SEC? From the SEC's web site (sec.gov): 'The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation"
When does insider trading occur what government agency is responsible for protecting against the unethical practice of insider trading?
insider trading occurs when someone has information not available to the public and uses the information to profit from trading publicly traded securities. The Securities and Exchange Commission protect against insider trading.
What was the security and exchange act?
The Securities Exchange Act of 1934 was created to provide governance of securities transactions on the secondary market (after issue) and regulate the exchanges and broker-dealers in order to protect the investing public.
