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
Regulatory matters
Securities and Exchange Commission (SEC)
Mark Uyeda named Acting Chairman of the SEC
President Trump named Mark Uyeda as Acting Chairman of the Securities and Exchange Commission. Mr. Uyeda, a Republican, joined the Commission in 2022 and was subsequently confirmed for a five-year term through 2028. Former SEC Chairman Gary Gensler resigned from the Commission on 20 January 2025. President Trump is expected to nominate former SEC Commissioner Paul Atkins to serve as SEC Chairman.
Standard Setter updates
Financial Accounting Standards Board (FASB)
FASB proposes Codification improvements
The FASB proposed amendments to a variety of topics in the Accounting Standards Codification to clarify the guidance, correct errors or make minor improvements. Comments are due by 22 April 2025. See our upcoming To the Point.
Upcoming webcasts
Information regarding upcoming events can be found on the EY webcasts site.