Deloitte
Accounting Research Tool
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Chapter 5 — Accounting Matters

5.13 Subsequent Events

5.13 Subsequent Events

When evaluating potential disclosures in the financial statements for inclusion in a company’s initial registration statement, management should consider subsequent events through the date on which the financial statements are issued or are available to be issued. Such an evaluation should include consideration of whether events are recognized (i.e., “Type 1”) or nonrecognized (i.e., “Type 2”) subsequent events, as described in ASC 855.