Nonpublic (Unlisted) Company Disclosure Checklist Update Information

Current through June 30, 2025

The nonpublic company disclosure checklists in our products are revised periodically to ensure that they are as up-to-date as possible. As part of that process, our editorial staff continually monitors the development of literature by the FASB, GASB, and IASB. The following disclosure requirements may have been issued after some checklists were last updated: (Page one of each checklist lists the latest pronouncements issued as of the checklist's publication date.)

  • Accounting Standards Updates:

    • ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments (November 2024, effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual periods. Early application is allowed where the financial statements have not been made available for issuance, but not earlier than the adoption of ASU 2020-06.) Paragraph 3 (FASB ASC 470-20-65-4)
    • ASU 2025-03, Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity (May 2025, effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early application is allowed in an interim or annual reporting period where the financial statements have not been made available for issuance.)  Paragraph 6
    • ASU No. 2025-04, Compensation-Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer (May 2025, effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual periods.  Early application is allowed in an interim or annual reporting period where the financial statements have not been made available for issuance.) Paragraph 5