The accounting updates below are provided courtesy of Accounting Research Manager, a subscription service that provides a timely and comprehensive online database of analytical accounting, auditing, and SEC information and authoritative literature. KnowledgeLeader members are eligible to receive a 15% discount if they would like to subscribe to Accounting Research Manager. Experience the full database by requesting a free CCH Accounting Research Manager trial.

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ACCOUNTING AND SEC HEADLINES:

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FASB Agenda – FASB Considers Agenda

As discussed in its “Summary of Board Decisions” publication, the FASB met on March 25, 2026, and discussed feedback received in response to the 2025 Invitation to Comment, Agenda Consultation. The FASB decided not to add projects to its technical agenda (or pursue further research) at this time on research and development funding arrangements and on royalty monetization arrangements.

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AUDITING AND INTERNAL CONTROL HEADLINES:

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Preparation, Compilation, and Review Engagements – 2026 Edition of Knowledge-Based Preparation, Compilation, and Review Engagements Published

We have published the 2026 edition of Knowledge-Based Preparation, Compilation, and Review Engagements. This toolset is designed to help the accountant efficiently and effectively perform financial statement preparation engagements, compilations, and reviews of nonpublic commercial entities in accordance with Statements on Standards for Accounting and Review Services (SSARS) issued by the Accounting and Review Services Committee (ARSC) of the American Institute of Certified Public Accountants (AICPA).

The 2026 tools include links to detailed analyses related to the steps and processes involved in conducting preparation, compilation, and review engagements. Also included is a revised financial statement disclosures checklist that provides a centralized resource of the required and recommended U.S. GAAP disclosures and key presentation items currently in effect, using the style referencing under the FASB Accounting Standards Codification.™

ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:

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