The Audit Analytics Out of Period Adjustments database tracks corrections of errors in prior financial statements that do not materially affect past or present financials.
- Uncover error corrections buried in footnotes
- Benchmark severity of adjustments against companies with similar accounting issues
- Filter by impact on net income, accounting issues, industry, and more for all out of period adjustments filed since 2009
- Easily identify adjustments that involve SEC investigations, accounting rule (GAAP/FASB) application failures, financial fraud, irregularities and misrepresentations, errors, and other significant issues
- Key data points include auditor of record, adjustment period, impact on income and equity, and the text of the disclosure
Due to the assessment of immateriality, Out of Period Adjustments do not require a restatement of the prior financials and are recorded as a one-time charge (benefit) in the current period.
Rule: ASC 250
|Module||Accounting + Oversight|
|Coverage||All ’33 & ’34 Act Filers|
|Availability||Online • Data Feed • Excel • WRDS|
DocumentationAccounting + Oversight
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