Ch14 - Ch14 Student: _ 1. The Securities and Exchange...

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Ch14 Student: ___________________________________________________________________________ 1. The Securities and Exchange Commission is responsible for: A. B. C. D. 2. Which of the laws below regulate the initial distribution of security issues in the United States? A. B. C. D. 3. Which of the laws below requires the updating of financial information for all companies whose stocks are traded on a United States stock exchange? A. B. C. D. 4. Which of the following divisions of the SEC advises federal courts in bankruptcies of publicly held companies? A. Division of Corporation Finance B. Division of Market Regulation C. Division of Corporation Regulation D. Division of Investment Management Regulation 5. Which of the following divisions of the SEC regulates national securities exchanges, brokers, and dealers of securities? A. Division of Investment Management Regulation B. Division of Market Regulation C. Division of Corporation Regulation D. Division of Corporation Finance
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6. The SEC requires a full and fair disclosure of information about companies so that: I. the SEC can assess the investment quality of registered securities. II. investors can assess the investment quality of registered securities. A. I B. II C. Both I and II D. Neither I nor II 7. The SEC is responsible for administering which of the following laws? A. B. C. D. 8. Which of the following acts requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations? A. Securities Investor Protection Act B. Investment Advisors Act C. Investment Company Act D. Trust Indenture Act 9. Which of the following acts created an entity which insures investors from possible losses if an investment house enters bankruptcy? A. Federal Deposit Insurance Protection Act B. Securities Investor Protection Act C. Investment Advisers Act D. Federal Bankruptcy Acts 10. Which of the following types of securities or securities transactions are not exempt from the need to be registered under the Securities Act of 1933? I. intrastate issues offered and sold in only one state II. securities issued by certain nonprofit organizations A. I B. II C. Both I and II D. Neither I nor II 11. Which of the following choices best describes correct use of the forms indicated? A. B. C. D.
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12. The Sarbanes-Oxley Act of 2002 requires which of the following for publicly traded companies: I. management assessment of the effectiveness of the disclosure control structure used to determine financial results. II. audit committee approval of all services provided by a company's independent auditors. A. I B. II C. Both I and II D. Neither I nor II 13. The Sarbanes-Oxley Act of 2002 does not: I. prohibit independent auditors from providing certain non-audit services, e.g., information systems design and analysis, to their audit clients. II. require companies to adopt a code of ethics for senior financial officers or to explain why they have not
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This note was uploaded on 05/26/2011 for the course ACCT 410 taught by Professor Khalib during the Spring '11 term at Strayer.

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Ch14 - Ch14 Student: _ 1. The Securities and Exchange...

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