Appendix E — Roadmap Updates for 2025
This Roadmap does not reflect updates to the FRM made
after May 2025. See Preface for details.
The table below summarizes the substantive changes made in the 2025
edition of this Roadmap.
|
Section
|
Title
|
Description
|
|---|---|---|
|
Measuring Significance
|
Added Connecting the Dots to
discuss recent clarification from SEC staff related to
intercompany eliminations within the investment test.
Rearranged Examples 2-15 to
2-18.
| |
|
Draft Registration Statements
|
Added Connecting the Dots to discuss the
enhanced accommodations for draft registration statements
issued by the SEC in March 2025.
| |
|
Form S-4 Financial Statement Requirements
|
Removed discussion of climate rule.
| |
|
Financial Statement Requirements for a Proxy Statement
|
Removed discussion of climate rule.
| |
|
Accounting Standards, Disclosures, and Adoption Dates
|
Added Changing Lanes to
discuss the issuance and applicability of ASU 2023-09.
| |
| 2.12 |
IPO/Initial Registration Statements
|
Section has been condensed. See Section
2.5 of Deloitte’s Roadmap Initial
Public Offering for content.
|
|
Transaction Accounting Adjustments in Business
Combinations
|
Removed discussion of deferred revenue adjustments in pro
forma financials because it is no longer applicable after a
registrant’s adoption of ASU 2021-08.
|