Subsequent eventsPage 2Typical coverage of US GAAP►Subsequent events period►Type I subsequent events (events that arise prior to the balance sheet date)►Type II subsequent events (events that arise after the balance sheet date)
Subsequent eventsPage 3Executive summary►The accounting for subsequent events under IFRS and US GAAP is largely similar.►Under IFRS, the subsequent event period runs through the authorization date of the financial statements. Under US GAAP, the subsequent event period for SEC filers runs through the date that the financial statements are issued, and for non-SEC filers, it runs through the date the financial statements are available to be issued.
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