SEC registrants are required to file a Form 10-Q reporting interim financial information for the first three quarters of each fiscal year. A Form 10-Q does not need to be filed for the fourth quarter of any fiscal year; however, S-K 302 requires most public reporting entities to disclose certain interim information, including fourth quarter information, within the annual report. Exceptions to these disclosure requirements are noted in S-K 302(a)(5). It is not necessary to disclose the fourth quarter information as part of the audited financial statements. If a reporting entity separately issues fourth quarter financial statements, it should follow the format and content of earlier quarterly financial statements.
If a public reporting entity is not subject to the requirements of Regulation S-K 302 and has not disclosed the results of the fourth quarter in a separate section of its annual report, or has not separately issued a fourth quarter report, certain fourth quarter disclosures are still required. ASC 270-10-50-2 requires the following to be disclosed in a footnote to the annual financial statements:
  • Unusual or infrequently occurring items recognized during the fourth quarter
  • Disposal of a component(s) during the fourth quarter
  • Aggregate effect of year-end adjustments that are material to that fourth quarter
  • Changes to accounting principles made during the fourth quarter
Expand 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