2025 AICPA & CIMA Conference Highlights: Current SEC & PCAOB Developments
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Representatives from the Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board (PCAOB) shared their views on various accounting, reporting, and auditing issues at the AICPA & CIMA Conference on Current SEC and PCAOB Developments (the “Conference”) held in Washington, D.C. on December 8-10, 2025.
The SEC’s Chairman, Paul Atkins, and Chief Accountant, Kurt Hohl, shared their priorities, and other SEC, FASB and PCAOB representatives provided insight on rulemaking priorities, new accounting standards, as well as other accounting and reporting reminders in areas related to:
- SEC reporting matters, including:
- Recent Compliance and Disclosure Interpretations (C&DIs) related to filer status
- Segment reporting
- Non-GAAP financial measures
- Financial statement presentation
- Management’s discussion and analysis (MD&A)
- Waiver and other requests about predecessor determinations
- Financial statement requirements in common control and spinoff transactions
- Accounting matters, including:
- The normal purchase and normal sales derivative scope exception
- Level 3 fair value measurements
- Control (consolidation) and leases of Artificial intelligence (AI) data centers
- Digital assets
- Auditing matters, including:
- Current priorities
- Auditor independence
Our forthcoming publication will share insights into these matters and other accounting and reporting issues addressed at the Conference. Reference our companion publication, 2025 SEC Reporting Insights, for a more comprehensive discussion of key disclosure and reporting reminders for upcoming filings, the SEC’s rulemaking, and other activities that affect financial reporting, many of which were highlighted at the Conference.