The purpose of this questionnaire is to ensure that all necessary quarterly financial reporting disclosures are addressed, and any changes to these disclosures are explained by management.
Example questions include: Any changes in the selection of accounting policies? Any changes in the application of accounting policies? Any changes in estimates? Any correction of errors? Any prior period adjustments or reclassifications? Any loss of a significant customer (please list name and estimated lost revenue)? Any new customer sales contracts during the quarter (please list name and estimated revenue)? Any one-time, non-recurring or unusual transactions? Any adjustments not of a normal, recurring nature? Any significant adjustments to any prepaid account or accrued liabilities?