A Change in the Company's Auditors Must Be Reported to the SEC

question 91

True/False

A change in the company's auditors must be reported to the SEC within a few days of the change.

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Definitions:

Securities

Financial instruments that represent ownership positions in corporations (stock), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by an option.

Rights Offering

A method by which companies raise additional capital by giving existing shareholders the right to subscribe to new shares at a discount.

Actual Value

The true or market value of an asset, not influenced by any external conditions, often used in financial and appraisal contexts.