A number of steps are involved in the registration process under the 1933 Securities Act. Ten of

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A number of steps are involved in the registration process under the 1933 Securities Act. Ten of these steps are listed below in random order:

1. Data for registration are collected by company accountants, reviewed by lawyers and reviewed and audited by independent accountant.

2. Management and legal counsel select appropriate registration form.

3. Management prepares amendments which are responsive to SEC's comments. These are filed with SEC by legal counsel.

4. Management prepares draft of registration statement and obtains board of director approval.

5. Management receives letter of comment from SEC concerning deficiencies and necessary adjustments.

6. SEC notifies management by phone of acceptance of registration statement 7. Due diligence meeting is held to review registration statement and other matters affecting sale of issue.
8. Management finalizes registration statement which is filed with SEC by legal counsel.
9. Legal counsel files amendment to registration statement for offering price. Registration statement becomes effective 5:00 P.M.
10. Management, independent accountant, and legal counsel have prefiling conference with SEC staff in Washington, D.C.
Required:
Arrange the steps in proper sequence.

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Modern Auditing

ISBN: 9780471542834

5th Edition

Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler

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