QUESTION 21

1. Regulation A Tier 2 need not comply with State blue sky laws.

   True

   False

2 points

QUESTION 22

1. Disclosures required in the Management Discussion and Analysis (MD&A) of Financial Position and Results of Operations section can be found in Regulation S-X.

   True

   False

2 points

QUESTION 23

1. A Form 10-Q must include a Management Discussion and Analysis of Financial Position and Results of Operations

   True

   False

2 points

QUESTION 24

1. An audit manager assigned to a client who went to work as the CFO of that client six months following completion of the audit, violated the "cooling-off" rules.

   True

   False

2 points

QUESTION 25

1. Securities Exchange Act of 1934, Section 12(b) companies are required to register securities with the SEC.

   True

   False