Expand
Resize
Add to favorites
The majority of the requirements of ASC 855 apply equally to public and private companies. In addition, ASC 855 requires non-SEC filers to include additional disclosures.

28.9.1 Disclosures not required for private companies

The disclosure of a change in a registrant’s capital structure in ASC 505-10-S99-4 (see FSP 28.5.2) is required only for SEC filers.

28.9.2 Additional disclosure requirements for private companies

ASC 855 requires the following additional disclosures for reporting entities that are not SEC filers:
  • The date through which subsequent events were evaluated
  • Whether the disclosed date is the date the financial statements were issued or the date the financial statements were available to be issued (see FSP 28.3)
  • The date through which subsequent events were evaluated in revised (reissued) financial statements (see FSP 28.8)
Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide