Subsequent Events (F2:M3)

Question 1

what is the subsequent event evaluation period for a filer? How about a nonfiler?

Answer 1

filer- through date the FS are issued
(form/format comply with GAAP and widely distributed)

nonfiler- through date the FS are available to be issued
(form/format comply with GAAP and approvals for issuance obtained)

Question 2

are entities that file FS with the SEC required to disclose date through which subsequent events have been evaluated?

Answer 2

No!

Question 3

are entities that do not file FS with the SEC required to disclose date through which subsequent events have been evaluated?

Answer 3

Yes!

Question 4

nonrecognized subsequent events that require disclosure should disclose what?

Answer 4

nature of the sub event and an estimate of the financial effect of the event or statement that no estimate can be made