Video: Subsequent Events Overview

In this lesson, uncover the intricacies of subsequent events with Nick Palazzolo, CPA, as he delves into what subsequent events are and the implications they have for financial reporting. You will explore the considerations that need to be made for events occurring after the balance sheet date but before financial statements are issued, including whether to disclose, adjust, or take no action at all. This information is not just critical for financial statement preparation, but also for the auditing process—ensuring that financial statements accurately reflect any significant events post period-end. Nick aims to clarify this complex topic with practical insights, making sure that by the end of the lesson, you feel more confident in handling subsequent events in any accounting scenario.