F1 - SEC Reporting Requirements

Question 1

Describe the Form 10-K and the Form 10-Q. What level of assurance must be provided with the financial statements submitted in these forms?

Answer 1

Form 10-K
Filed annualy by U.S. registered companies. Includes a summary of financial data, MD&A, and audited financial statements prepared using U.S. GAAP.

From 10-Q
Filed quarterly by U.S. registered companies. Includies unaudited (reviewed) financial statements, interim MD&A, and certain disclosures