Regulation S-X
is approved through 12/31/81. During that period, SEC make efforts
to determine, and will report the results of its efforts to OMB:
Whether the requirement to include in the annual reports to
shareholde the information contained in the form 10-K is excessive,
i.e. Does the requirement impose a substantial burden on the
reporting segment to include the data in annual reports? Is the
information actually useful to most of the receipients of annual
reports? Is ther an alternative method that would better match the
needs of the investi public for information with the level of
detail actually provided? Regulation S-X provides the form and
content for financial statements required in registration
statements, reports, tender offers, and the like. The clearance of
this regulation does not have a burden directl associated with it.
The burden will be individually apportioned among the various
reports that use the criteria established in regulation S- STC
Release No. 6293 (February 25, 1981) provided amendments to the
detailed property, plant and equipment schedule and the related
schedule of accumulated depreciation, depletion and amortization.
Is the value of this information to the analysts who will use it
sufficie to justify the collection costs?
Inventory as of this Action
Requested
Previously Approved
12/31/1981
12/31/1981
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INVESTORS AND SECURITY HOLDERS NEED
REASONABLY CURRENT FINANCIAL STATEMENTS IN ORDER TO MAKE CONSIDERED
INVESTMENT AND CERTAIN VOTING DECISIONS. REGULATION S-X, ORIGINALLY
ADOPTED IN 1940, PRESCRIBES THE FORM AND CONTENT OF AND
REQUIREMENTS FOR THOSE FINANCIAL STATEMENTS WHICH ARE INCLUDED IN
REGISTRATION STATEMENTS, ANNUAL AND OTHER REPORTS, CERTAIN PROXY
AND INFORMATION STATEMENTS AND CERTAIN OTHER DOCUMENTS.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.