Second Quarter — 2025
Welcome to Quarterly Accounting Roundup: Second Quarter — 2025.
Key accounting, financial reporting, and regulatory developments in the second quarter
of 2025 include:
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The FASB’s release of:
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Accounting Standards Updates (ASUs) on (1) identifying the accounting acquirer in a business combination and (2) share-based consideration payable to a customer.
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A proposed ASU on accounting for debt exchanges.
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Statements made by the SEC’s Division of Corporation Finance on (1) stablecoins, (2) applying the disclosure requirements of federal securities laws to crypto asset markets, and (3) protocol staking activities.
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The SEC’s issuance of a concept release on the definition of a foreign private issuer (FPI).
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The European Union’s (EU’s) postponement of “the deadlines for adopting and applying sustainability reporting and due diligence requirements for certain companies.”