The following is based on an extract from the online course US GAAP Fund Financial Statements Part 2. Interim financial statements are not required under US GAAP. But, a fund may be required to prepare and file interim financial statements with a regulator or stock exchange. This is usually for the first six months of the fund’s accounting year. If the funds interim financial statements are prepared under US GAAP they must comply with all relevant US GAAP requirements, including any requirements specifically for interim financial statements.