During the second quarter of the 2025 calendar year, the Financial Accounting Standards Board (FASB) issued two final standards: one to clarify share-based consideration payable to a customer and one to provide guidance in determining the accounting acquirer in the acquisition of a variable interest entity. The FASB also issued one new proposal addressing accounting for debt exchanges.
The Securities and Exchange Commission (SEC):
- Announced changes in leadership
- Discussed the future of the SEC
- Held multiple crypto task force roundtables
- Discussed stablecoins
- Provided data on capital formation and beneficial ownership disclosure trends
- Identified the importance of economic analysis in policymaking
- Released key market data and analysis
- Held an executive compensation roundtable
- Extended compliance deadlines for Form PF and investment company reporting
- Offered guidance on crypto asset and protocol staking activities
- Published new and updated Compliance and Disclosure Interpretations
This report also covers updates from the Public Company Accounting Oversight Board, the Center for Audit Quality, and the Governmental Accounting Standards Board.
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