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US Week in Review: Week ending 2 October 2025

What’s new from EY

To the Point: FASB expands derivative scope exceptions and clarifies guidance for share-based noncash consideration

To the Point: FASB proposes initial measurement guidance for paid-in-kind dividends on equity-classified preferred stock

Quarterly tax developments for Q3 2025 and related US GAAP implications

EY US 2025 audit quality report now available

The EY US 2025 audit quality report, Our commitment to audit quality, is now available on ey.com. It highlights what EY US is doing to drive sustained audit quality and bring our bold vision of the future of audit to life. It also highlights our transformation strategy, which is already having a significant positive impact on our audit practice. As announced in the report, we expect our inspection findings rate to fall below 10% when the Public Company Accounting Oversight Board (PCAOB) issues its 2025 inspection report in the coming months.

Updated FRD on issuer’s accounting for debt and equity financings reflects recent standard-standing activity and enhanced interpretative guidance

Regulatory matters

Securities and Exchange Commission (SEC)

SEC staff provides updated guidance on operational disruptions resulting from the government shutdown

Standard Setter updates

Financial Accounting Standards Board (FASB)

FASB to discuss feedback on the Invitation to Comment on agenda consultation at its 8 October meeting

Upcoming webcasts

Financial reporting for private companies – what you need to know for 2025
12 November 2025, 2 p.m. Eastern time

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