If a prospectus is issued more than 90 days beyond the balance sheet date,the auditor will need to perform procedures on interim financial statement information prior to permitting the use of their audit opinion in the prospectus.

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According to the Securities Act of 1933, if a prospectus is issued more than 90 days beyond the balance sheet date, the auditor will need to perform procedures on interim financial statement information prior to permitting the use of their audit opinion in the prospectus. This requirement helps to ensure that the financial information presented in the prospectus is accurate and up-to-date.

If a Prospectus Is Issued More Than 90 Days Beyond