Document Type
Article
Publication Date
1942
Abstract
The Securities and Exchange Commission today issued an opinion in its Accounting Series dealing with certain accounting aspects of the recent amendments to Forms 10-K and N-30A-1, the principal annual reporting forms under Section 13 of the Securities Exchange Act. These amendments, which were adopted in connection with recent revisions of the rules governing proxy solicitations, permit companies to file copies of their regular annual reports to stockholders in place of certain of the financial statements required to be filed by such forms, if the financial statements included in the annual report to stockholders substantially conform to the requirements of Regulation S-X, the underlying accounting regulation of the Commission. The opinion, prepared by William W. Werntz, Chief Accountant, indicates that while the financial statements included in reports to stockholders are frequently somewhat more condensed than those filed in accordance with the requirements of those forms and Regulation S-X, such condensation, if limited to the grouping of items that are not substantial in amount or otherwise material because of their particular origin or nature, would not prevent the filing of such financial statements in place of those required by the instructions.
Relational Format
article
Series Title
Accounting Series Release No. 041;Securities Act of 1933 Release No. 2889;Securities Exchange Act of 1934 Release No. 3349;Investment Company Act of 1940 Release No. 421
Recommended Citation
United States. Securities and Exchange Commission and Werntz, William W., "Securities and Exchange Commission today issued an opinion in its Accounting Series dealing with certain accounting aspects of the recent amendments to Forms 10-K and N-30A-1, the principal annual reporting forms under Section 13 of the Securities Exchange Act" (1942). Federal Publications. 130.
https://egrove.olemiss.edu/acct_fed/130