Deloitte
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Preface

Preface

Preface

Important note: On June 30, 2025, and August 22, 2025, the staff in the SEC’s Division of Corporation Finance released significant revisions to its Financial Reporting Manual (FRM). This Roadmap does not yet reflect those revisions. Readers should refer to the FRM for current guidance.
We are pleased to present the 2025 edition of SEC Reporting Considerations for Business Acquisitions. This Roadmap is intended to help domestic registrants navigate their SEC1 reporting obligations related to the acquisition or probable acquisition of a business. It combines the SEC’s guidance on reporting for business acquisitions — including acquisitions of real estate operations and pro forma financial information — with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.

Footnotes

1
For a list of abbreviations used in this publication, see Appendix D.