They don't require the financial statements, just an update of whatever major corporate event has happened, something like a top manager resigns or you lose a big customer or there's a lawsuit or something along those lines.
3:21
All of these filings have to be prepared in accordance with generally accepted accounting principles, or GAAP.
3:27
>> Excuse me, does this stuff only apply to US companies?
3:33
>> That's a good question. I should note that this will be a US-centric course because I'm at a US business school. However, the things that we cover will be applicable globally. So for instance, even though we're talking about SEC filing requirements in the US, every country in the world that has a securities market has filing requirements like an annual report. The only difference you might see internationally is instead of a quarterly report, some countries require semi-annual reporting.