In This Report:
- Introduction
- Background
- What Is a “Foreign Private Issuer”?
- Some Key Ways in which Foreign Private Issuers Are Treated Differently than Domestic US Issuers
- The Basics
- Background to Financial Statement Requirements
- What Financial Statements Must Be Included in Public Offerings?
- When Does Financial Information Go “Stale”?
- MD&A
- Using IFRS Without Reconciliation
- Reconciliation to US GAAP
- Audit Reports
- Currency Translation; Exchange Rates
- Additional Financial Information For Certain Specific Situations
- Recent and Probable Acquisitions
- Financial Statements Required in Connection with Acquisitions
- Pro Forma Financial Information
- Guarantor Financial StatementsSecured Offerings
- Investments Accounted for Under the Equity Method
- Segment Reporting
- Supplemental Schedules for Certain Transactions
- Industry Guides Quantitative and Qualitative Disclosure About Market Risk
- Some Related Issues
- Item 18 vs. Item 17
- Additional Financial Information That Is Typically Included
- Non-GAAP Financial Measures
- Internal Control Over Financial Reporting
- Interactive Data
- Special Considerations in Rule 144A Transactions
- Conclusion
- Endnotes
- Excerpt from Introduction:
The most frequently asked question at all-hands meetings for a securities offering is “What financial statements
will be needed?” The question seems simple enough. But the answer is rarely straightforward.
Please see full publication below for more information.