Disclosure checklist delta & effective dates
Seed list of recent FASB and SEC changes relevant to public company filings. Dates are for public business entities unless noted; always confirm against the cited source. Last reviewed 2026-10-16.
| Change | Source body | Effective (PBEs) | What to add to your checklist |
|---|---|---|---|
| ASU 2023-07, Segment Reporting (Topic 280) | FASB | Fiscal years beginning after Dec. 15, 2023; interim periods within fiscal years beginning after Dec. 15, 2024 | Significant segment expenses, CODM title/position, other segment items, interim segment disclosures, single-segment entities in scope |
| ASU 2023-09, Improvements to Income Tax Disclosures (Topic 740) | FASB | Annual periods beginning after Dec. 15, 2024 (other entities: after Dec. 15, 2025) | Rate reconciliation in specified categories (percentages and amounts), income taxes paid disaggregated by jurisdiction |
| ASU 2024-03 (as amended by ASU 2025-01), Disaggregation of Income Statement Expenses (Subtopic 220-40) | FASB | Annual periods beginning after Dec. 15, 2026; interim periods within annual periods beginning after Dec. 15, 2027; early adoption permitted | Tabular note disaggregating relevant expense captions into purchases of inventory, employee compensation, D&A, intangible amortization, etc.; selling expenses definition |
| ASU 2024-04, Induced Conversions of Convertible Debt Instruments | FASB | Annual periods beginning after Dec. 15, 2025, and interim periods within those periods | Induced conversion vs. extinguishment accounting for settlements of convertible debt |
| ASU 2024-01, Scope Application of Profits Interest and Similar Awards | FASB | Annual periods beginning after Dec. 15, 2025, and interim periods within those periods | Whether profits interest awards are in the scope of ASC 718 |
| ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets | FASB | Annual periods beginning after Dec. 15, 2025, and interim periods within those periods; early adoption permitted | Practical expedient assuming current conditions persist for current AR and contract assets |
| ASU 2025-04, Share-Based Consideration Payable to a Customer | FASB | Annual periods (including interim periods) beginning after Dec. 15, 2026; early adoption permitted | Revenue reduction for share-based consideration to customers; performance condition definition |
| ASU 2025-09, Hedge Accounting Improvements (Topic 815) | FASB | Annual periods beginning after Dec. 15, 2026, and interim periods within those periods (public business entities) | Hedge designation and documentation changes |
| ASU 2025-06, Internal-Use Software (Subtopic 350-40) | FASB | Annual periods beginning after Dec. 15, 2027, and interim periods within those periods; early adoption permitted as of the beginning of an annual period | Removes project-stage model; capitalization threshold based on probable completion |
| Cybersecurity risk management, strategy, governance and incident disclosure (Form 10-K Item 1C; Form 8-K Item 1.05) | SEC | Adopted July 26, 2023. Item 1C: fiscal years ending on or after Dec. 15, 2023. Item 1.05: from Dec. 18, 2023 (smaller reporting companies June 15, 2024) | Item 1C processes, board oversight and management roles; incident materiality assessment process |
| Pay versus performance (Item 402(v)) | SEC | Adopted Aug. 25, 2022; applies to fiscal years ending on or after Dec. 16, 2022 | PvP table, compensation actually paid, relationship descriptions |
| Compensation recovery (clawback) listing standards and disclosure (Rule 10D-1) | SEC | Adopted Oct. 26, 2022; exchange listing standards effective Oct. 2, 2023 | 10-K cover page check boxes, Item 402(w) recovery analysis, policy filed as Exhibit 97 |
| SPACs, shell companies and projections rules | SEC | Adopted Jan. 24, 2024; effective July 1, 2024 | De-SPAC disclosures, projections guidance (Item 10(b)) |
| Climate-related disclosure rules | SEC | Rules were stayed during litigation; on March 27, 2025 the SEC voted to end its defense of the rules | Monitor status; existing 2010 climate interpretive guidance and materiality-based disclosure still apply |
| EDGAR Next (filer access and account management) | SEC | See SEC EDGAR Next page for enrollment and compliance dates | Login.gov credentials, account administrators, filing agent delegations |
| Staff Accounting Bulletins (incl. SAB Topic 11.M / SAB 74) | SEC staff | Ongoing staff guidance | Disclose expected impact of issued-but-not-adopted standards |
| US GAAP Financial Reporting Taxonomy (annual release) | SEC / FASB | See SEC Standard Taxonomies page for the taxonomy versions EDGAR currently accepts | Confirm tagging uses an accepted taxonomy year; new elements for recent ASUs |
Templates & resources
- AICPA & CIMA – SEC reporting resources (AICPA & CIMA · Professional body · Free / member)
- BDO – New accounting standards & upcoming effective dates (BDO · Firm guide · Free)
- FASB – Accounting Standards Updates effective dates (FASB · Standard setter · Free)
- PwC Viewpoint – Effective dates of FASB standards (public companies) (PwC · Firm guide · Free)
- SEC – Staff Accounting Bulletins (SEC · Regulator · Free)
- SEC – Standard Taxonomies (XBRL) (SEC · Regulator · Free)
- UnfoldCFO – 10-K Disclosure Checklist (UnfoldCFO · Template vendor · See site)
- Workiva Marketplace – SEC Reporting Process Checklist (Workiva · Template vendor · Requires Workiva license)