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US Week in Review: Week ending 20 March 2025


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.

Standard Setter updates

Financial Accounting Standards Board (FASB)

FASB to discuss its projects on (1) Hedge accounting improvements: Topic 815, (2) Credit losses: Topic 606 receivables and (3) Presentation of contract assets and contract liabilities for construction contractors at its 26 March meeting

EITF to discuss Accounting for paid-in-kind dividends on preferred stock at its 25 March meeting

SEC accepts 2025 FASB taxonomies

Upcoming webcasts

Accounting for income taxes: a quarterly perspective – March 2025
25 March 2025, 11 a.m. Eastern time

How audit committees are adapting to change in Q1 2025
8 April 2025, 3 p.m. Eastern time

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