AnswerConnect Advanced Checklists includes 18 financial statement disclosure checklists:

  1. GAAP Annual Disclosures
  2. GAAP Interim Disclosures
  3. SEC Financial Statement Disclosures
  4. SEC Form 10-Q Financial and Nonfinancial Disclosures
  5. SEC MD&A Disclosures
  6. SEC Incremental Certifications, Disclosures, and Reporting Mandated by Sarbanes-Oxley Requirement
  7. SEC Form N-2
  8. Auto Dealerships: Industry Specific Disclosures
  9. Brokers and Dealers in Securities: Industry Specific Disclosures
  10. Real Estate Entities: Industry Specific Disclosures
  11. Common Interest Realty Associations: Industry Specific Disclosures
  12. Construction Contractors: Industry Specific Disclosures
  13. Employee Benefit Plans: Industry Specific Disclosures
  14. Financial Institutions: Industry Specific Disclosures
  15. Health Care Entities: Industry Specific Disclosures
  16. Not-For-Profit Entities: Industry Specific Disclosures
  17. Cash Basis Disclosures
  18. Tax Basis Disclosures

Coming June 2025:

  1. Oil and Gas Producing Entities: Industry Specific Disclosures
  2. Insurance: Industry Specific Disclosures

Future Checklist to Be Added: 

  1. Governmental Entities Disclosures

Overview:

These are dynamic versions of checklists that were previously completed in Microsoft Word.  This new format can be tailored to remove disclosures that do not apply to the entity and can significantly reduce the size of a checklist, along with one-click links to supporting literature. For example, if an entity has not consummated a business combination, over 100 questions are removed from the checklist. Instructions on using each checklist are contained in each version.

The checklists are organized by accounting topic, consistent with the Codification's broad structure, and provide authoritative references. The checklists use a yes/no/not applicable click-to-answer format and allows for preparer and reviewer comments for additional documentation. Once completed, these should be exported and placed in annual or quarterly work papers to provide support for review and compliance procedures.

To learn more, see our how-to overview article.