How can sec determine whether the cost of disclosures is more that the cost of compliance
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Financial Reporting Manual
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TOPIC 2 - Other Financial Statements Required
This topic identifies circumstances in which financial statements of entities other than the registrant (or predecessor(s) of the registrant) are required to be included in filings. The guidance applicable to financial statements of the registrant (in Topic 1) applies also to financial statements of the other entities, unless specified otherwise in this topic.
NOTE to TOPIC 2
The staff may require other financial statements as necessary for a fair presentation of the financial condition of any entity whose financial statements are either required or otherwise necessary for the protection of investors. [S-X 3‑13]
2000BUSINESSES ACQUIRED OR TO BE ACQUIRED (Excluding Target Companies in Form S-4) [S-X 3-05, S-X 8-04]
Back to Table of Contents
TOPIC 2 - Other Financial Statements Required
This topic identifies circumstances in which financial statements of entities other than the registrant (or predecessor(s) of the registrant) are required to be included in filings. The guidance applicable to financial statements of the registrant (in Topic 1) applies also to financial statements of the other entities, unless specified otherwise in this topic.
NOTE to TOPIC 2
The staff may require other financial statements as necessary for a fair presentation of the financial condition of any entity whose financial statements are either required or otherwise necessary for the protection of investors. [S-X 3‑13]
2000BUSINESSES ACQUIRED OR TO BE ACQUIRED (Excluding Target Companies in Form S-4) [S-X 3-05, S-X 8-04]
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