Question

In what ways is financial reporting to the SEC (Securities Exchange Commission) different from the financial...

In what ways is financial reporting to the SEC (Securities Exchange Commission) different from the financial reporting to shareholders?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

As we know that SEC is a regulatory body for the protection of interest of investors.

So when financial reporting is done by the company to SEC, it justifies and proves fair dealing, protection of investor's interest, and compliance of regulations through financial reporting.

On the other hand, when financing financial reporting is done by the company to its shareholders it provides various information regarding profit, financial position, and various investment opportunities to attract investors.

Thanks & all the best......

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are companies registered with the Securities & Exchange Commission (SEC) required to include with their...
What are companies registered with the Securities & Exchange Commission (SEC) required to include with their financial reports?
Which of the following accounting principles does the Securities and Exchange Commission (SEC) require U.S. firms...
Which of the following accounting principles does the Securities and Exchange Commission (SEC) require U.S. firms to use when filing their financial statements? - International Accounting Standards Board (IASB) - International Financial Reporting Standards (IFRS) - Generally Accepted Accounting Principles (GAAP) - National Advisory Accounting Standards (NAAS) - Financial Accounting Standards Principles (FASP)
When a registration statement (prospectus) for an IPO is filed, the Securities and Exchange Commission (SEC)...
When a registration statement (prospectus) for an IPO is filed, the Securities and Exchange Commission (SEC) verifies that the a. Offering will provide value to the shareholders b. Stock price is set at a level that will allow shareholders to earn a positive return c. Rules have been followed to allow for full disclosure of information d. Issuer is financially sound e. All of the above
The following are Major laws govern the sale and trading of securities as well as reporting...
The following are Major laws govern the sale and trading of securities as well as reporting standards. 1.   Securities Act of 1933 was a response to abuses present in the securities markets during the Wall Street “crash” era. Its purpose was to provide full disclosure of all pertinent investment information on new corporate security issues. 2.  The Securities Exchange Act of 1934 created the Securities and Exchange Commission (SEC) and empowered it to regulate the securities markets. 3.  The Securities Acts Amendments...
Access the Securities and Exchange Commission. website or another site to find the most recent 10-K...
Access the Securities and Exchange Commission. website or another site to find the most recent 10-K filing for a company of your choice. Locate the financial statements and related notes. Describe the company’s depreciation method. How does the company value its property, plant, and equipment? What amount of depreciation did the company report? What depreciation method is used for financial reporting purposes, and what are the service lives of depreciable assets? Call out the pages and site used from the...
Please explain how this is a type of investment fraud. The U.S. Securities and Exchange Commission...
Please explain how this is a type of investment fraud. The U.S. Securities and Exchange Commission accused the founder of Mozido Inc. of defrauding investors, The Wall Street Journal's Peter Rudegeair and Rob Copeland report. In charges filed Monday, the SEC alleged Michael Liberty and four other people misled investors about Mozido’s worth and its financial results. Mozido was among the most highly valued U.S. financial-technology startups just a few years ago. The SEC also said Mr. Liberty directed investors...
1. Explain how securities firms differ from investment banks. In what ways are they financial intermediaries?
1. Explain how securities firms differ from investment banks. In what ways are they financial intermediaries?
An official at the Securities and Exchange Commission contends that "Bribery to further corporate goals is...
An official at the Securities and Exchange Commission contends that "Bribery to further corporate goals is an illusory path to long-term success." Do you agree? Defend your position.
1.Under the liability provisions of Section 18 of the Securities Exchange Act of 1934, for which...
1.Under the liability provisions of Section 18 of the Securities Exchange Act of 1934, for which of the following actions would an accountant generally be liable? Negligently approving a reporting corporation's incorrect internal financial forecasts. Negligently filing a reporting corporation's tax return with the IRS. Intentionally preparing and filing with the SEC a reporting corporation's incorrect quarterly report. Intentionally failing to notify a reporting corporation's audit committee of defects in the verification of accounts receivable.
Which of the following statements about International Financial Reporting Standards (IFRS) is NOT true? A. IFRS...
Which of the following statements about International Financial Reporting Standards (IFRS) is NOT true? A. IFRS sets out broad and general principles that accountants should follow when preparing financial statements. B. IFRS offers simplicity but also possibly more leeway for accounting malpractice than does GAAP. C. In 2008, the Securities and Exchange Commission (SEC) announced its plan to convert U.S. companies from GAAP to IFRS. D. IFRS leaves LESS room for discretion than GAAP does. 2. Rogue Corp. has sales...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT