Series 79: Financial Statements (Regulation S-X)

Financial Statements (Regulation S-X)

The vaguely salacious-sounding Regulation S-X prescribes, in excruciating detail, the required form and content of financial statements that are filed as part of the registration statement. The specific filing requirements are complex, and vary depending on the issuer type, but all issuers must file the following types of financial statements:

• • Audited balance sheets for the two most recent fiscal years. If the issuer has not been in existence for two years, it must file an audited financial statement dated within 135 days of filing. In certain circumstances, such as when