{"id":7845,"date":"2025-07-08T17:31:38","date_gmt":"2025-07-08T21:31:38","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=7845"},"modified":"2025-07-08T17:31:42","modified_gmt":"2025-07-08T21:31:42","slug":"corpfin-updates-financial-reporting-manual-2","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/corpfin-updates-financial-reporting-manual-2\/","title":{"rendered":"CorpFin Updates Financial Reporting Manual"},"content":{"rendered":"\n<p>On July 2, 2025, CorpFin <a href=\"https:\/\/www.sec.gov\/newsroom\/whats-new\/updates-financial-reporting-manual\">announced<\/a> an update to its <a href=\"https:\/\/www.sec.gov\/about\/divisions-offices\/division-corporation-finance\/financial-reporting-manual\">Financial Reporting Manual<\/a> for acquisition reporting changes from a 2020 Final Rule.&nbsp; 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.&nbsp; The summary of changes on the second page of the updated FRM includes a list of areas that are not yet updated.<\/p>\n\n\n\n<p>As always, your thoughts and comments are welcome.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 2, 2025, CorpFin announced an update to its Financial Reporting Manual for acquisition reporting changes from a 2020 Final Rule.&nbsp; 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.&nbsp; The summary of changes on the second &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/corpfin-updates-financial-reporting-manual-2\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">CorpFin Updates Financial Reporting Manual<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[256],"tags":[],"coauthors":[154],"class_list":["post-7845","post","type-post","status-publish","format-standard","hentry","category-sec-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=7845"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7845\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=7845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=7845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=7845"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=7845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}