On July 2, 2025, CorpFin announced an update to its Financial Reporting Manual for acquisition reporting changes from a 2020 Final Rule.  Topics updated include the significant subsidiary test, including the income/revenue test, along with the requirements for audited financial statements of an acquired business and proforma information.  The summary of changes on the second page of the updated FRM includes a list of areas that are not yet updated.

As always, your thoughts and comments are welcome.