Handbook | January 2020

Financial statement requirements in US securities offerings: What non-US issuers need to know

KPMG teams up with Latham & Watkins to provide the 2020 edition of the financial statement requirements in US securities offerings. This publication focuses on the requirements for new registration statements in public offerings by foreign private issuers.


  • Foreign private issuers that will be filing registration statements in public offerings

Relevant dates

  • Effective immediately

Key impacts

Provides guidance on:

  • Financial statement requirements in public offerings, including what to file and when financial statements are considered to be ‘stale’.
  • Additional financial information required for certain specific situations, such as recent and probable acquisitions.
  • Additional information on other related issues, such as non-GAAP financial measures and internal control over financial reporting.
  • Practices in the Rule 144A market.

Report contents

  • The basics of financial statement requirements
  • Additional financial information for certain specific situations
  • Some related issues
  • Special considerations in Rule 144A transactions

Spotlight on contributors

Jonathan Guthart

Jonathan Guthart

Partner, Audit, KPMG (US)

Timothy Brown

Timothy Brown

Partner, DPP, KPMG (US)

Erin McCloskey

Erin McCloskey

Managing Director, DPP, KPMG (US)



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