In terms of interim reports,
A) the EU 4th Directive requires that companies disclose quarterly reports.
B) a major difference between the U.S. and Canada is that the U.S. requires quarterly reports, but the Canadians follow the European tradition of not requiring quarterly reports.
C) EU companies are required to provide semiannual reports of abridged information.
D) the SEC requires all foreign firms that list in the United States to provide quarterly earnings information.

Question

Quizplus · Accepted Answer

The EU 4th Directive requires EU companies to provide semiannual reports of abridged information, not quarterly reports as stated in choice A. Choice B is partially correct in that the U.S. requires quarterly reports, but Canada also requires quarterly reports. Choice D is incorrect as the SEC only requires foreign firms to provide annual reports, not quarterly reports.

In Terms of Interim Reports