The Trusted Professional

Regulatory Roundup: Nov. 25-Dec. 1

AICPA

CIMA wins BMCC Business Excellence Awards 2025 in Malaysia
Nov 30, 2025

UK Budget: CIMA disappointed with lack of bold action to transform UK growth

Nov 26, 2025

AICPA Comments on MTC State Partnership Income Sourcing Rules

Nov 25, 2025

AICPA Supplies Treasury and IRS with Recommendations on “All or Nothing” Approach to Dual Consolidated Loss
Nov 24, 2025
 
AICPA, State CPA Societies Urge Department of Education to Recognize Accounting Programs as Professional Degree Programs

Nov 24, 2025

CBO

Cost Estimate
November 26, 2025
As reported by the Senate Committee on Foreign Relations on October 30, 2025

Cost Estimate
November 26, 2025
As reported by the Senate Committee on Foreign Relations on October 30, 2025

Cost Estimate
November 25, 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.

Cost Estimate
November 25, 2025
As ordered reported by the Senate Committee on Veterans’ Affairs on July 30, 2025

Cost Estimate
November 24, 2025

As ordered reported by the Senate Committee on Veterans’ Affairs on July 30, 2025

FASB

November 25, 2025

GAO

GAO-25-107201
Published: Sep 22, 2025 . Publicly Released: Dec 1, 2025 .
Digital real estate tools can streamline the homebuying process, from house shopping online to getting a mortgage approved faster. But these property technologies carry risks. For example, their use of artificial intelligence can make it harder to comply with fair lending laws. Mortgage lenders evaluating borrowers largely use property technology systems from Fannie Mae and Freddie Mac—major enterprises in the housing finance markets. But the...
 
GAO-26-107583
Published: Nov 25, 2025 . Publicly Released: Nov 25, 2025 .
The U.S. Coast Guard plans to spend over $17 billion to acquire 25 Offshore Patrol Cutters—ships that conduct search and rescue operations, among other missions. Two shipbuilders have started building the ships before completing design. Building ships with incomplete designs is risky. The first shipbuilder repeatedly faced costly rework and delayed deliveries, leading the Coast Guard to cancel half the ships on the contract. To...

GAO-26-107821
Published: Nov 25, 2025 . Publicly Released: Nov 25, 2025 .

According to the Department of Veterans Affairs, the average age of VA hospitals is 60 years, and many facilities need maintenance. To deliver health care to veterans while managing its facility issues, VA can lease clinical and research space. If certain conditions are met, VA can use a non-competitive process to lease space from universities or medical schools it already has a relationship with. This...

GAO-26-107698
Published: Nov 25, 2025 . Publicly Released: Nov 25, 2025 .
DOD spends billions of dollars each year to counter China's growing military strength. Congress established the Pacific Deterrence Initiative to track how much DOD plans to spend for deterrence in the Indo-Pacific region. We found that the military services weren't consistent in how they chose what to include in their Initiative-related budget reports. For example, the Marine Corps included most of its forces in the...
 
GAO-25-107126
Published: Sep 2, 2025 . Publicly Released: Nov 24, 2025 .

Employers monitor workers for many reasons such as tracking their safety or productivity. This Q&A examines digital surveillance’s effects on workers. It’s our second on this topic. Digital surveillance can positively and negatively affect workers’ physical and mental health. For example, it can alert them to potential health problems and increase their sense of safety. But it can also increase their anxiety or risk of...

IASB
December 2025 International Accounting Standards Board agenda and meeting papers now available
28 Nov 2025

December 2025 Financial Instruments Consultative Group agenda and meeting paper now available
28 Nov 2025

December 2025 International Sustainability Standards Board agenda and meeting papers now available
28 Nov 2025

IASB issues illustrative examples on reporting uncertainties in financial statement
28 Nov 2025

IFRS Foundation publishes IFRS for SMEs Educational Module 23—Revenue from Contracts with Customers
27 Nov 2025

IASB announces appointments to its Financial Instruments Consultative Group
26 Nov 2025

November 2025 IASB Update and podcast now available
25 Nov 2025 

IRS

IR-2025-116, Nov. 26, 2025 — The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing.
IR-2025-115, Nov. 25, 2025 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2025-70, requesting comments on the implementation of a new tax credit for individuals established under the One, Big, Beautiful Bill.

NYS

November 24, 2025

PCAOB

PCAOB Posts 16 New Inspection Reports and Three Expanded Reports
Nov. 25, 2025

SEC

2025-136
Washington D.C., Nov. 25, 2025 — The Securities and Exchange Commission today announced that Cristina Martin Firvida, who has served as the Director of the Office of the Investor Advocate since January 2023, will conclude her tenure with the agency at the end of January 2026.

2025-135

Washington D.C., Nov. 25, 2025 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on Dec. 4, 2025, at 10 a.m. ET. The meeting will be webcast on the SEC website.