Subsequent Events

Question 1

When are financial statements considered to be “available to be issued” in relation to the subsequent event evaluation period?

Answer 1

(1) The financial statements should be in a form and format that complies with GAAP and (2) all approvals necessary for the issuance of the financial statements have been received.

Question 2

What disclosures are necessary for other entities not filing with the SEC ?

Answer 2

Both the date through which subsequent events have been evaluated, along whether the date is the date the financial statements were issued or available to be issued.