The SEC requires GAAP based financial statements. Depending on the amount you want to raise, the requirements could be anything from self-prepared, GAAP based financials, all the way up to an audited set of financials. Reviewed financials are required if you want to raise up to $1,070,000. Anything above that, an audited set of financials are required. Additionally, they require the last two fiscal years of financials, if your inception date was in/before 2019.