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What’s new from EY
To the Point: FASB proposes discount rate guidance for certain market-return cash balance plans
Updated Technical Line, How certain global sustainability-related reporting requirements may impact multinationals, includes additional jurisdictions that require or plan to require sustainability or climate-related reporting and reflects other developments
June 2026 Financial reporting briefs issued
The June 2026 edition of Financial reporting briefs provides a snapshot of the major accounting and regulatory developments during the quarter. It includes a reference library listing the EY publications issued during the period and other resources.
Updated FRD on consolidation reflects enhanced guidance
Updated FRD on segment reporting reflects enhanced interpretive guidance
Standard Setter updates
Financial Accounting Standards Board (FASB)
FASB discusses research project on Statement of cash flows, as well as not-for-profit topics and earnings per share at its 11 June meeting
FASB to discuss its project on Investment companies: contractual sale restrictions at its 17 June meeting
Public Company Accounting Oversight Board (PCAOB)
PCAOB proposes revisions to auditor quality control standard
The PCAOB issued a supplemental request for comment (SRC) on proposed amendments to QC 1000, A Firm’s System of Quality Control, as well as related PCAOB forms and the quality control reporting rule. The PCAOB said the SRC reflects implementation feedback from stakeholders and is intended to better align certain provisions with other quality management standards and reduce compliance costs. The PCAOB retained the 15 December 2026 effective date and said it plans to pilot a quality control-focused inspection program in 2027 ahead of a broader rollout in 2028. Comments are due by 9 July 2026.
Upcoming webcasts
Accounting for income taxes: a quarterly perspective - June 2026
16 June 2026, 11 a.m. Eastern time
What you need to know for Q2 2026 financial reporting (Offering - 2 of 2)
16 June 2026, 1 p.m. Eastern time
Uniform Guidance (UG) Audit Update for Health
22 June 2026, 12 p.m. Eastern time
Mid-year update: What audit committees should be watching for
25 June 2026, 3 p.m. Eastern time