Business Acquisitions — SEC Reporting Considerations

Roadmap
SEC Reporting Considerations for Business Acquisitions (June 2025)

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.

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This Roadmap is intended to help domestic registrants navigate their SEC reporting obligations related to the acquisition or probable acquisition of a business under SEC Regulation S-X, Rule 3-05, or a real estate operation under SEC Regulation S-X, Rule 3-14. It combines the SEC’s guidance on reporting for such transactions — including the application of significance tests and the disclosure of pro forma financial information — with Deloitte’s interpretations and examples. Using a comprehensive, reader-friendly format, the Roadmap aims to help registrants perform and assess the results of the applicable significance tests in accordance with the requirements of Rule 3-05 or Rule 3-14.

Also available is the latest edition of On the Radar, a high-level summary of emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.

Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.

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