Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports and financial statements from companies.

What does Regulation S-X apply to?

Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports and financial statements from companies.

What is pro forma reporting according to Regulation S-X of the SEC?

3210.1S-X Article 11 pro forma financial information is intended to provide investors with information about the continuing impact of a transaction by showing how a specific transaction or group of transactions might have affected historical financial statements, illustrating the scope of the change in the registrant’s …

What is Rule 3 05 Regulation S-X?

Rule 3-05 of Regulation S-X, which generally requires a registrant to provide separate audited annual and unaudited interim pre-acquisition financial statements of an acquired or to be acquired business, and Rule 3-14 of Regulation S-X, which similarly requires a registrant to provide financial statements for acquired …

What are the SEC rules?

Often referred to as the “truth in securities” law, the Securities Act of 1933 has two basic objectives:

  • require that investors receive financial and other significant information concerning securities being offered for public sale; and.
  • prohibit deceit, misrepresentations, and other fraud in the sale of securities.

What is a significant subsidiary under Reg SX?

Under Rule 1-02(w) of Regulation S-X, a “significant subsidiary” is one that meets one of three tests which are generally referred to as the Investment Test, the Income Test and the Asset Test. If an acquisition is significant, certain historical financial statements of the acquired business are required.

What is the role of SEC Regulation S-K?

Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings. The text of Regulation S-K can be found in 17 CFR Part 229.

What is a Rule 3-14 audit?

Overview. Rule 3-14 of Regulation S-X, Special instructions for financial statements of real estate operations acquired or to be acquired, requires registrants to present the audited financial statements of significant consummated and probable acquisitions of real estate operations.

What are Rule 3 05 financial statements?

How do you find SEC rules?

The current Unified Agenda of Federal Regulatory and Deregulatory Actions can be found at www.reginfo.gov.

What are SEC regulators?

The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.