Practice Test Geeks(CIRO) Certified Investor Relations Officer Practice Test
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Regulatory Compliance & Governance Flashcards

7 cards from real CIRO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Regulatory Compliance & Governance flashcards as text

  1. Under SEC Regulation FD, what must a company do if it unintentionally discloses material nonpublic information to a select group of investors?

    Answer: File an 8-K or issue a press release promptly to disclose the information publicly

    Reg FD requires the company to make prompt public disclosure — via a Form 8-K or press release — when material nonpublic information is unintentionally disclosed.

  2. Which SEC form must a public company file within four business days of a material triggering event such as a change in auditors or a departure of a principal officer?

    Answer: Form 8-K

    Form 8-K is the current report used to disclose material corporate events to the public within four business days.

  3. A company's board audit committee is best described under corporate governance standards as responsible for:

    Answer: Overseeing the company's financial reporting process and external auditor relationship

    The audit committee oversees financial reporting integrity, internal controls, and the relationship with external auditors.

  4. NYSE and Nasdaq listing standards generally require that the majority of a listed company's board of directors be:

    Answer: Independent directors

    Both NYSE and Nasdaq require that a majority of the board consist of independent directors to protect shareholder interests.

  5. Under Sarbanes-Oxley Section 302, corporate officers who certify financial reports and later discover a material misstatement are required to:

    Answer: Disclose the error and cooperate in a restatement

    SOX 302 certifications create personal accountability, and officers must support accurate disclosure including correcting any known misstatements.

  6. Which of the following is NOT a required element of a company's proxy statement (DEF 14A)?

    Answer: A forecast of next year's earnings per share

    Earnings forecasts are not required in proxy statements; forward guidance is disclosed separately and voluntarily.

  7. The EDGAR system maintained by the SEC is primarily used by investor relations professionals to:

    Answer: File and retrieve public company regulatory filings electronically

    EDGAR (Electronic Data Gathering, Analysis, and Retrieval) is the SEC's online system for submitting and accessing public company filings.