The Trusted Professional

Regulatory Roundup: Dec. 2 - 8

AICPA

CIMA warns government apprenticeship reforms fall short in tackling UK productivity and social mobility challenges

Dec 08, 2025

AICPA Advises Simplification of Passthrough Entity Reporting Requirements

Dec 05, 2025

Economic Optimism Edges Down and Company Outlook Improves, AICPA and CIMA Survey Finds

Dec 04, 2025

CBO

Cost Estimate
Budgetary Determination for Section 1564 of S. 2296, the National Defense Authorization Act for Fiscal Year 2026, as Passed by the Senate on October 9, 2025
December 5, 2025
In this letter, CBO discusses the effects of enacting section 1564 of S. 2296, as passed by the Senate.

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of December 8, 2025
December 4, 2025
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Blog Post
A Call for New Research in the Area of Permitting Requirements for Investments in Physical Infrastructure
December 3, 2025

CBO would benefit from additional data and research that would broaden and deepen the agency’s basis of assessment for modeling the effects of permitting-related legislative proposals and administrative actions.

FAF

Financial Accounting Foundation Appoints Private Company Council Member

December 3, 2025

FASB

FASB Issues New Standard to Improve Interim Reporting

December 8, 2025

FASB Issues New Standard to Add Guidance on Accounting for Government Grants by Businesses

December 4, 2025z

Financial Accounting Foundation Appoints Private Company Council Member

December 3, 2025

GAO

VA Health Care:
Status of Key Recommendations Related to Mental Health and Medication Management
GAO-26-108786
Published: Dec 3, 2025 . Publicly Released: Dec 3, 2025 .
We testified on issues related to the VA's management of mental health services and medication safety for veterans before the Senate Committee on Veterans' Affairs. Our testimony is based on the following reports: VA Mental Health: VHA Improved Certain Prescribing Practices, but Needs to Strengthen Treatment Plan Oversight VA Health Care: Progress Made Towards Improving Opioid Safety, but Further Efforts to Assess Progress and Reduce...

Patient Protection and Affordable Care Act:
Preliminary Results from Ongoing Review Suggest Fraud Risks in the Advance Premium Tax Credit Persist
GAO-26-108742
Published: Dec 3, 2025 . Publicly Released: Dec 3, 2025 .
This report discusses the preliminary results of our work on fraud risk management in the advance premium tax credit—a subsidy that the government pays to insurance companies to make premiums more affordable for eligible Americans under the Affordable Care Act. So far, we've found that fraud risks have persisted since we first reported on this (2014-2016). For example, we were able to get subsidized insurance..

IASB

November 2025 IFRIC Update now available

8 Dec 2025z

November 2025 CMAC meeting summary and December 2025 ITCG agenda and meeting papers now available
5 Dec 2025
 
Call for?nominations: Sustainability Standards Advisory Forum (SSAF)?

4 Dec 2025

Announcing the launch of ePubs—Enhanced digital publications now available
Dec 2025

IASB proposes new accounting model to reflect how financial institutions manage interest rate risk
Dec 2025

IRS

IRS and Security Summit partners announce 10th Annual National Tax Security Awareness Week
IR-2025-118, Dec. 3, 2025 —The Internal Revenue Service working with the Security Summit partners today announced that the 10th National Tax Security Awareness Week began this week to raise awareness about tax-related identity theft.

Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations

IR-2025-117, Dec. 2, 2025 — The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account for eligible children.

NYS

December 4, 2025

Governor Hochul Announces More Than 8 Million Inflation Refund Checks Have Been Mailed Out in Time for Thanksgiving Holiday
November 25, 2025

PCAOB

Dec. 5, 2025

 

SEC

2025-139
Washington D.C., Dec. 8, 2025 — The Securities and Exchange Commission today announced that Lori J. Schock, who has served as the Director of the Office of Investor Education and Assistance (OIEA) since 2009, will retire from the agency at the end of December.

 

2025-138
Washington D.C., Dec. 5, 2025 — The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its rescheduled Roundtable on Financial Surveillance and Privacy.

 

2025-137
Washington D.C., Dec. 5, 2025 — The Securities and Exchange Commission today announced it will hold the second in its series of compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. 

 

TIGTA

November 19, 2025


October 27, 2025