Q1 2026 Accounting and Financial Reporting Developments

During the first quarter of the 2026 calendar year, the Financial Accounting Standards Board (FASB) issued no new standards or proposals.

The Securities and Exchange Commission (SEC) issued several public statements, policy remarks, and regulatory updates focused on disclosure modernization, market structure, and digital asset regulation. Developments included an announcement of a public roundtable on listed options market structure; remarks on artificial intelligence and related disclosure considerations; and statements addressing stablecoins, tokenized securities, and potential reforms to Regulation S-K and the public company disclosure framework. The SEC also outlined rulemaking priorities related to digital assets and implementation of the Holding Foreign Insiders Accountable Act (HIFA Act), provided congressional testimony on capital formation and enforcement priorities, advanced coordination initiatives with the Commodity Futures Trading Commission, approved the 2026 Public Company Accounting Oversight Board (PCAOB) budget and board appointments, adopted final HFIA Act rules, issued updated Compliance and Disclosure Interpretations, proposed revisions to the definition of “small entity,” and proposed amendments to Exchange Act Rule 15c2-11.

We also cover Q1 updates from the PCAOB, the Center for Audit Quality, the American Institute for Certified Public Accountants, and the Governmental Accounting Standards Board.