Q4 2025 Quarterly Outlook
Issues & Trends | December 2025
Our quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
KPMG reports on major accounting and financial reporting developments that could affect companies in the current period or near term. This quarter we feature insights from the 2025 AICPA Conference on Current SEC and PCAOB Developments, updates on US tariffs and sustainability reporting, summaries of recent FASB standard-setting activity and more.
Applicability
- All companies
Key impacts
For Q4 2025:
- At the 2025 AICPA Conference, SEC Chairman Atkins outlined an investor-focused agenda that prioritizes simplified, decision-useful disclosures and clear guidance on emerging areas like crypto. Chief Accountant Hohl added the need for convergence between the US and international standard-setters in both accounting and auditing. Other conference panelists provided practical advice on various accounting and disclosure topics, including segment reporting, non-GAAP financial measures, taxes and tariffs. And not surprisingly, AI as a transformative force in financial reporting was a hot topic.
- The FASB has been clearing its agenda and setting the stage for new priorities – issuing standards that modernize the internal-use software guidance, provide new guidance on government grant accounting and interim reporting, and enhance certain aspects of derivative and hedge accounting.
- Sustainability reporting rules continue to advance, with some obstacles and changes in progress. California climate laws suffered a partial setback, the EU is set to significantly narrow the scope of reporting as the underlying standards are simplified, and proposed GHG Protocol updates could reshape decarbonization strategies.
Report contents:
- Current quarter financial reporting matters
- New standards and guidance
- Projects and agenda priorities
- Recommended reading and CPE opportunities
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Q4 2025 Quarterly Outlook
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Q4 2025 Quarterly Outlook
KPMG professionals discuss this quarter’s accounting and financial reporting headlines.
Quarterly Outlook
Quarterly updates on accounting and financial reporting developments, including SEC matters and FASB activity.
Sustainability reporting
KPMG guidance and articles for financial reporting professionals.
SEC matters
Keeping you up to date about SEC staff positions on reporting matters and proposed rulemaking that will affect registrants
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