{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/275/10/#15-scope-and-scope-exceptions","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"275","topic_title":"Risks and Uncertainties","subtopic":"275-10","subtopic_title":"Overall","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"275-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for the Risks and Uncertainties Topic.
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The guidance in the Risks and Uncertainties Topic applies to all entities.
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The guidance in the Risks and Uncertainties Topic applies to financial statements prepared in conformity with generally accepted accounting principles (GAAP) and applies to all entities that issue such statements. While the guidance in this Topic applies to complete interim financial statements, it does not apply to condensed or summarized interim financial statements. If comparative financial statements are presented, the disclosure requirements apply only to the financial statements for the most recent fiscal period presented.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The guidance in the Risks and Uncertainties Topic applies to financial statements prepared in conformity with generally accepted accounting principles (GAAP) and applies to all entities that issue such statements. While the guidance in this Topic applies to complete interim financial statements, it does not apply to condensed statements. If comparative financial statements are presented, the disclosure requirements apply only to the financial statements for the most recent fiscal period presented.
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The disclosure requirements do not encompass risks and uncertainties that might be associated with any of the following:
  1. a
    Management or key personnel
  2. b
    Proposed changes in government regulations
  3. c
    Proposed changes in accounting principles
  4. d
    Deficiencies in the internal control structure
  5. e
    The possible effects of acts of God, war, or sudden catastrophes.
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Certain disclosure requirements in this Topic supplement the requirements of other authoritative Topics. In many cases, however, the disclosure requirements in this Topic, particularly those relating to certain significant estimates, will be met or partly met by compliance with such other Topics.
","snippet":"Certain disclosure requirements in this Topic supplement the requirements of other authoritative Topics. In many cases, however, the disclosure requirements in this Topic, particularly those relating to certain significa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:174026df42603bf6cc6b30c84afe309d1d8f518da06d7fafc34a42427893feec","downloaded_from":"2026-09-09T23:22:03.852Z","last_downloaded_at":"2026-09-09T23:22:03.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482912","source_sha256":"c0d0f07c3f6a597d969a1fdada9b93e1fd2145ccc55d777c6b02b45c3f23ecf8"}},{"citation":"275-10-15-6","para":"15-6","html":"
The disclosure requirements of this Topic in many circumstances are similar to or overlap the disclosure requirements in other Topics, for example, Topic 450 and, for public entities, Subtopic 280-10. The disclosure requirements of this Topic in many circumstances also are similar to or overlap the disclosure requirements of the Securities and Exchange Commission (SEC). This Topic does not alter the requirements of any other Topic or any SEC requirement.
","snippet":"The disclosure requirements of this Topic in many circumstances are similar to or overlap the disclosure requirements in other Topics, for example, Topic 450 and, for public entities, Subtopic 280-10. The disclosure requ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0608f328020289b1817b64d3b7c822b668618e74bb77b359ff01d080cfe2a0be","downloaded_from":"2026-09-09T23:22:03.852Z","last_downloaded_at":"2026-09-09T23:22:03.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482912","source_sha256":"c0d0f07c3f6a597d969a1fdada9b93e1fd2145ccc55d777c6b02b45c3f23ecf8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c4a5d7a4b5ab64acd97a8084ff138a9b56c7184a7f8d4755332d4de74877a62","downloaded_from":"2026-09-09T23:22:03.852Z","last_downloaded_at":"2026-09-09T23:22:03.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482912","source_sha256":"c0d0f07c3f6a597d969a1fdada9b93e1fd2145ccc55d777c6b02b45c3f23ecf8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0aa5b0e4cd7f9683519b15bb7f97d18e8484ea6c886c10a4a2741f8dca797470","downloaded_from":"2026-09-09T23:22:03.852Z","last_downloaded_at":"2026-09-09T23:22:03.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482912","source_sha256":"c0d0f07c3f6a597d969a1fdada9b93e1fd2145ccc55d777c6b02b45c3f23ecf8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0aa5b0e4cd7f9683519b15bb7f97d18e8484ea6c886c10a4a2741f8dca797470","downloaded_from":"2026-09-09T23:22:03.852Z","last_downloaded_at":"2026-09-09T23:22:03.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482912","source_sha256":"c0d0f07c3f6a597d969a1fdada9b93e1fd2145ccc55d777c6b02b45c3f23ecf8"}}