For registration statements filed with the SEC preparatory to selling securities,the subsequent events review goes from
A)the balance sheet date to the date the audit report is issued.
B)the balance sheet date to the end of field work.
C)the balance sheet date to the date of subsequent discovery of omitted procedures.
D)the balance sheet date to the effective date of the registration statement.

Question

Quizplus · Accepted Answer

According to SEC rules, the subsequent events review should cover the period from the balance sheet date to the effective date of the registration statement. This ensures that any events or circumstances that occur after the balance sheet date but before the securities are sold are properly disclosed to potential investors. The effective date is a critical milestone in the offering process since it marks the point at which the securities can be sold to the public. Therefore, the subsequent events review should be completed up to that date to ensure that the registration statement is accurate and complete.

For Registration Statements Filed with the SEC Preparatory to Selling