Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Accounting Standards Update 2024-03, effective date clarified by ASU 2025-01
- Relevant parts
- Overview; key disclosures; transition and effective dates
- Currency
- future · checked Aug 7, 2026
This update creates a current-versus-future teaching problem. At the verification date it is issued guidance and can be early adopted, but its ordinary mandatory annual effective date has not yet begun. Learners must inspect the entity's public-business-entity status, fiscal year, early-adoption election, transition, and pending-content view before declaring the disclosure required.