What is a venture issuer?
Because venture issuers tend to be less developed with fewer financial resources, they are sometimes subject to different rules. For example, they are given a longer time period to prepare their financial statements (120 days instead of 90 days for annual financials.) This is in recognition that they are competing for limited auditing resources with much larger companies. In other circumstances, venture issuers are subject to additional rules, for example they must provide extra disclosure of expenditures since how they spend their more limited financial resources can be very significant.
