If a Company Changes Auditors, It Is Required to File

question 40

Multiple Choice

If a company changes auditors, it is required to file the following with the SEC:

• A) 10-K
• B) 10-Q
• C) 8-K
• D) S-1

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Definitions:

IPO

Initial Public Offering, a process by which a private company offers shares to the public in a new stock issuance.

Outright Sale

A transaction in which ownership of assets, businesses, or properties is fully transferred from the seller to the buyer in exchange for an agreed sum.

MBO

Management Buyout, which is a transaction where a company's existing managers acquire a large part or all of the company.

Management Buyouts

A transaction where a company's management team purchases the assets and operations of the business they manage.