# ASC 275-10-15: Risks and Uncertainties — Overall — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/275/10/#15-scope-and-scope-exceptions) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:0aa5b0e4cd7f9683519b15bb7f97d18e8484ea6c886c10a4a2741f8dca797470 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 275-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/275/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [275-10-15-1](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:33927bc7223de0eb318cd81a2443be0169b7d372f5c6135c3de3ab043d676bd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Scope Section of the Overall Subtopic establishes the pervasive scope for the Risks and Uncertainties Topic. #### Entities ##### [275-10-15-2](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:d6a22be514118f08df2b19e75cc0bc565d5c78804e335149d3c89dcd90f0135d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Risks and Uncertainties Topic applies to all entities. #### Other Considerations ##### [275-10-15-3](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:b7a32687435182d035cdc5f03625c8e847c2b6f6f28a3e95e1c53f9bd8705754 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)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 statements](https://asc.understandingaccounting.org/glossary/c/#condensed-statements "(P) December 16, 2027; (N) December 16, 2028 270-10-65-1 Financial statements that are presented at a level that is more aggregated than the annual financial statements or have limited notes subject to the disclosure requirements in Topic 270 or both. (U.S. Securities and Exchange Commission [SEC] registrants are required to consider the guidance in paragraph 270-10-S45-2. See Regulation S-X Rule 10-01 [17 CFR 210.10-01] and Regulation S-X Rule 8-03 [17 CFR 210.8-03].)"). If comparative financial statements are presented, the disclosure requirements apply only to the financial statements for the most recent fiscal period presented. ##### [275-10-15-4](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:c56d3b26e1bcd305c193ae5d1d7d102042fdde5ec8a2f93f4551e003b1898763 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [275-10-15-5](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:174026df42603bf6cc6b30c84afe309d1d8f518da06d7fafc34a42427893feec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [275-10-15-6](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:22:03.852Z to 2026-09-09T23:22:03.852Z Record version: sha256:0608f328020289b1817b64d3b7c822b668618e74bb77b359ff01d080cfe2a0be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.