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  "notes": "Mentions Regulation S-X, US GAAP, PCAOB standards, and SEC Financial Reporting Manual section 2200.7.",
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      "text": "Excerpt from Financial Reporting Manual: 2200.7 Form S-4 Audit Requirements – Target is a non-reporting company (whether or not the issuer's shareholders are voting) – The requirement to audit depends on whether or not the Form S-4 is to be used for resales by persons considered underwriters under Securities Act Rule 145(c). See Item 17(b) of Form S-4.",
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