2025 SEC Reporting Insights
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This publication summarizes the SEC’s activities in its new focus areas as well as other developments and guidance in 2025, primarily as they relate to SEC reporting by public companies. We have also provided other disclosure and reporting reminders, including frequent areas of SEC staff comment, for 2025 10-K filings.
This publication covers the following topics:
- Current SEC priorities
- Cryptocurrency
- Capital formation
- Reporting reminders
- Economic uncertainty and tariffs
- Segment reporting
- Income taxes, including FASB ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures and the “One Big Beautiful Bill Act”
- SEC staff guidance on filer status determination
- SEC staff comment letter topics, including non-GAAP financial measures, management’s discussion and analysis, segment reporting, revenue recognition, and business combinations
- Other activities, including the concept release on foreign private issuers, climate disclosure rule status, and financial reporting manual updates
At the time this Reporting Insights is published, the U.S. Government is shut down. During the shutdown, the SEC is acting in accordance with its plan during a shutdown. The SEC’s Division of Corporation Finance issued guidance outlining how its staff will operate and what actions registrants may take during the shutdown. See a summary of this guidance in our Bulletin, SEC Operational Status During a Government Shutdown.