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US Week in Review: Week ending 25 September 2025

What’s new from EY

To the Point: FASB modernizes guidance on accounting for internal-use software

Updated Technical Line, Reminders on reporting and filer status considerations for SEC registrants, reflects new SEC staff guidance on the accelerated filer status determination for certain smaller reporting companies

NAIC Summer 2025 Bulletin highlights recent developments in the statutory insurance accounting and regulatory framework

Comment letter to the SEC on the PCAOB's proposed extension of the effective date of its quality control standard

Updated FRD on foreign currency matters reflects enhanced interpretive guidance

Updated FRD on transfers and servicing reflects recent standard-setting activity and enhanced interpretive guidance

Updated FRD on credit impairment under ASC 326 reflects recent standard-setting activity and enhanced interpretive guidance

Standard Setter updates

Financial Accounting Standards Board (FASB)

FASB discusses feedback on its Invitations to Comment related to (1) Accounting for and disclosure of intangibles and (2) Financial key performance indicators for business entities at its 24 September meeting

California Air Resources Board (CARB)

California Air Resources Board publishes preliminary list of entities expected to be in the scope of the California climate laws

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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