# Disclosure of June 2021 OTC Event - Secret Foundation

**URL:** <https://forum.scrt.network/t/disclosure-of-june-2021-otc-event-secret-foundation/6701>\
**Category:** Secret Governance\
**Created:** [December 15, 2022, 10:40pm UTC](https://forum.scrt.network/t/disclosure-of-june-2021-otc-event-secret-foundation/6701 "2022-12-15T22:40:08Z")\
**Posts on this page:** 1\
**Showing post:** 7

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**Author:** ![winston](https://yyz1.discourse-cdn.com/flex035/user_avatar/forum.scrt.network/winston/32/2633_2.png) [@winston](https://forum.scrt.network/u/winston)\
**Post date:** [December 16, 2022, 12:26am UTC](https://forum.scrt.network/t/disclosure-of-june-2021-otc-event-secret-foundation/6701/7 "2022-12-16T00:26:35Z")

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This event likely would have required separate presentation under US GAAP. I’m glad the foundation is already exploring more standardized reporting frameworks.

 ![image](https://canada1.discourse-cdn.com/flex035/uploads/enigma1/original/2X/0/012abd013656c7e3047ad96f58c5f0f7c85d41c7.png)

FASB ASC 220-20-45-1: [FASB Accounting Standards Codification®](https://asc.fasb.org/1943274/2147483614)

 ![image](https://canada1.discourse-cdn.com/flex035/uploads/enigma1/original/2X/9/9ab3a2068a8438e9e8e6ffdf36197bb9a4b69de7.png)

Foundation Q2 2021 Transparency Report: [Secret Foundation - Q2 2021.pptx - Google Slides](https://docs.google.com/presentation/d/17WFvgClt2VmtRBijnLXXt5e-v9O40yFN/edit#slide=id.ge7765d46bf_0_50)

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