In today’s volatile marketplace, businesses are experiencing ever-changing conditions. So-called “subsequent events” may happen in the gap between the financial statement date and the date the financials are available to be issued. Examples include natural disasters, cyberattacks, regulatory changes and customer bankruptcies. Events that relate to conditions that existed on the financial statement date may require adjustments to your financial statements. Other unexpected events may simply warrant footnote disclosures, describing the nature of the event and estimating the financial impact. Contact us to help you get it right.
