Accounting Research Manager

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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XBRL – SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements

The SEC issued an order granting “exemptive relief from certain Inline XBRL requirements adopted on Dec. 16, 2024. More specifically, the Commission is granting exemptive relief from filing or submitting the following in Inline XBRL: Form CA-1 (except Exhibit H thereto), Form 1 (except Exhibit I thereto), Form X-17A-5 Part III, Form 17 H, and the annual compliance report of a security-based swap dealer or major security-based swap participant. These forms and submissions are specific to market intermediaries and are primarily used by the Commission to assess whether registered entities meet relevant standards – including legal, financial, and operational standards – necessary to comply with the Exchange Act.”

The exemptive relief is expected to reduce unnecessary compliance costs without meaningful gains in transparency or data accessibility to investors.

Checklists – New Edition of U.S. GAAP Disclosures Checklists Published

The General U.S. GAAP Financial Statement Disclosures Checklist the General U.S. GAAP Interim Financial Statement Disclosures Checklist, and our various Industry-Specific Disclosures Checklists have been updated as necessary for the disclosure and presentation requirements in effect as of September 30, 2026.

These checklists include changes made by the FASB to the FASB Accounting Standards Codification™ through Accounting Standards Update (ASU) ASU No. 2026-03, Fair Value Measurement (Topic 820): Investment Companies with Equity Securities Subject to Contractual Sale Restrictions.

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AUDITING AND INTERNAL CONTROL HEADLINES:

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HUD – New Edition of Knowledge-Based Audits of Housing and Urban Development Programs Published

We have published a new edition of Knowledge-Based Audits of Housing and Urban Development Programs. This publication is designed to help the auditor efficiently and effectively perform audits of housing and urban development programs in accordance with auditing standards generally accepted in the United States of America (U.S. GAAS), Government Auditing Standards (GAGAS), and the Consolidated Audit Guide to Audits of HUD Programs, published by the U.S. Department of Housing and Urban Development ( HUD Audit Guide).

This new edition incorporates professional standards issued through December 31, 2025, and auditing standards up to and including SAS No. 149, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors and Audits of Referred-to Auditors). It also incorporates the 2024 Revision of the Yellow Book (GAGAS)and the 2025 OMB Compliance Supplement, and the guidance in AICPA Guides, Analytical Procedures (Updated as of November 1, 2025), and Audit Sampling (Updated as of October 1, 2025), to the extent applicable to HUD audits. It contains methodology and workflow enhancements and other editorial changes.

ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:

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