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The US Week in Review highlights this week’s developments and emerging issues in the financial reporting world and gives you direct access to relevant technical accounting guidance and thought leadership produced by EY.
What’s new from EY
Register for our quarterly financial reporting webcast on 13 March
Our What you need to know for Q1 2025 financial reporting webcast will be held on 13 March 2025 from 1 p.m. to 2 p.m. Eastern time.
Regulatory matters
Securities and Exchange Commission (SEC)
Acting SEC Chairman Uyeda requests pause of court proceedings on climate-related disclosure rules
Securities and Exchange Commission (SEC or Commission) Acting Chairman Mark Uyeda said he directed Commission staff to ask the US Court of Appeals for the Eighth Circuit to not schedule for argument the case on the SEC’s climate-related disclosure rules. Mr. Uyeda said this would allow the Commission to determine the appropriate next steps, considering the recent change in the Commission’s composition and the recent presidential memorandum regarding a regulatory freeze.
The disclosure rules, which would require registrants to include certain climate-related information in their registration statements and annual reports, were voluntarily stayed by the Commission in April 2024 pending the court’s judicial review of the consolidated challenges to the rules.
Standard Setter updates
Public Company Accounting Oversight Board (PCAOB)
PCAOB withdraws rules on firm and engagement metrics, firm reporting
Upcoming webcasts
What you need to know for Q1 2025 financial reporting
13 March 2025, 1 p.m. Eastern time