# ASC 855-10-50: Subsequent Events — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/855/10/#50-disclosure) 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): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:44e81bc5bc6f984b5eda80881ee45f1b59dad49c7913e63aa1283d990451f111 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/855/10/#50-disclosure) SEC content: no #### Date Through Which Subsequent Events Have Been Evaluated ##### [855-10-50-1](https://asc.understandingaccounting.org/asc/855/10/#855-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:6b5a9a0bd18da1f7f3e0f9d2412074cba46fac403bf5d04b2d6ebe9795a4a172 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity is not an [SEC filer](https://asc.understandingaccounting.org/glossary/s/#securities-and-exchange-commission-sec-filer "An entity that is required to file or furnish its financial statements with either of the following: The Securities and Exchange Commission (SEC) With respect to an entity subject to Section 12(i) of the Securities Exchange Act of 1934, as amended, the appropriate agency under that Section. Financial statements for other entities that are not otherwise SEC filers whose financial statements are included in a submission by another SEC filer are not included within this definition."), then the entity shall disclose both of the following: 1. a The date through which [subsequent events](https://asc.understandingaccounting.org/glossary/s/#subsequent-events "Events or transactions that occur after the balance sheet date but before financial statements are issued or are available to be issued. There are two types of subsequent events: The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (that is, recognized subsequent events). The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (that is, nonrecognized subsequent events).") have been evaluated 2. b Whether that date is either of the following: 1. 1 The date the [financial statements were issued](https://asc.understandingaccounting.org/glossary/f/#financial-statements-are-issued "Financial statements are considered issued when they are widely distributed to shareholders and other financial statement users for general use and reliance in a form and format that complies with GAAP. (U.S. Securities and Exchange Commission [SEC] registrants also are required to consider the guidance in paragraph 855-10-S99-2.)") 2. 2 The date the [financial statements were available to be issued](https://asc.understandingaccounting.org/glossary/f/#financial-statements-are-available-to-be-issued "Financial statements are considered available to be issued when they are complete in a form and format that complies with GAAP and all approvals necessary for issuance have been obtained, for example, from management, the board of directors, and/or significant shareholders. The process involved in creating and distributing the financial statements will vary depending on an entity's management and corporate governance structure as well as statutory and regulatory requirements."). #### Nonrecognized Subsequent Events ##### [855-10-50-2](https://asc.understandingaccounting.org/asc/855/10/#855-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:711d5f8645f9564d3575cf7b5c895d6a0df42f8e6400a87c707302433f833e42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Some nonrecognized subsequent events may be of such a nature that they must be disclosed to keep the financial statements from being misleading. For such events, an entity shall disclose the following: 1. a The nature of the event 2. b An estimate of its financial effect, or a statement that such an estimate cannot be made. ##### [855-10-50-3](https://asc.understandingaccounting.org/asc/855/10/#855-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:029ca36b584cf145e73e5a6e83236d46617580039d8e1d89628fb9df50ea1e1d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity also shall consider supplementing the historical financial statements with pro forma financial data. Occasionally, a nonrecognized subsequent event may be so significant that disclosure can best be made by means of pro forma financial data. Such data shall give effect to the event as if it had occurred on the balance sheet date. In some situations, an entity also shall consider presenting pro forma statements, usually a balance sheet only, in columnar form on the face of the historical statements. #### Revised Financial Statements ##### [855-10-50-4](https://asc.understandingaccounting.org/asc/855/10/#855-10-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:5f0337cb23bc5e8865357c29458cdea56020d0fff113b7bbec583d57bb0bbc27 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unless the entity is an SEC filer, an entity shall disclose in the [revised financial statements](https://asc.understandingaccounting.org/glossary/r/#revised-financial-statements "Financial statements revised only for either of the following conditions: Correction of an error Retrospective application of U.S. GAAP.") the dates through which subsequent events have been evaluated in both of the following: 1. a The issued or available-to-be-issued financial statements 2. b The revised financial statements. ##### [855-10-50-5](https://asc.understandingaccounting.org/asc/855/10/#855-10-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:04:41.540Z to 2026-09-10T02:04:41.540Z Record version: sha256:18df294d5c50c3060e768b7386e45801199173921180fc2499cb67f964495fec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Revised financial statements are considered reissued financial statements. For guidance on the recognition of subsequent events in reissued financial statements, see paragraph [855-10-25-4](https://asc.understandingaccounting.org/asc/855/10/#855-10-25-4).