SEC Updates Financial Reporting Manual

The SEC’s Division of Corporation Finance has released an update to its Financial Reporting Manual, which contains revisions made as of August 22, 2025. The revisions include:

• Conforming changes to reflect amendments made by SEC Final Rule No. 33-10786, Amendments to Financial Disclosures About Acquired and Disposed Businesses, to specified SEC Regulation S-X rules containing guidance on real estate and other topics.
• Revisions in response to recently issued PCAOB standards that clarify the involvement of independent accountants.
• Changes to reflect amendments made by SEC Final Rule Release No. 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information, to certain Regulation S-K rules.