ASU 2025-11 Narrow-Scope Improvements Interim Reporting (Topic 270)
Summary
FASB issued Accounting Standards Update 2025-11, making narrow-scope improvements to Topic 270 (Interim Reporting) in the FASB Accounting Standards Codification. The update addresses specific accounting issues identified for clarification or refinement in how entities prepare and present interim financial information. Public companies and other entities following US GAAP will need to apply the updated guidance in future interim and annual filings once effective.
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What changed
FASB issued ASU 2025-11, which makes narrow-scope improvements to Topic 270 (Interim Reporting) in the Accounting Standards Codification. The specific changes address targeted accounting or disclosure issues identified in practice that warranted clarification or refinement for entities preparing interim financial statements.
Affected parties include all entities that prepare interim financial statements under US GAAP, including public companies, private companies, and nonprofit organizations. These entities should monitor FASB's implementation guidance and effective dates to ensure timely adoption of the updated interim reporting requirements in their financial disclosures.
Archived snapshot
Apr 25, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ACCOUNTING STANDARDS UPDATE 2025-11—INTERIM REPORTING (TOPIC 270): NARROW-SCOPE IMPROVEMENTS
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