QUESTION 6

1. The SEC has the authority to discipline accountants who performed negligent work, even if no gross negligence was involved.

   True

   False

2 points

QUESTION 7

1. An Emerging Growth Company is a company with total annual gross revenue of less than $1 Billion.

   True

   False

2 points

QUESTION 8

1. The company's Form 10-K must be available on the company's web site.

   True

   False

2 points

QUESTION 9

1. A Smaller Reporting Company having annual revenue of less than $100 million cannot be an accelerated or large accelerated filer.

   True

   False

2 points

QUESTION 10

1. Regulation A Tier 1 may raise up to $20 million each 12-month period.

   True

   False