Accounting Firm Quarterly Update, Q1 2025
Client Alert | April 23, 2025
We are pleased to provide you with Gibson Dunn’s Accounting Firm Quarterly Update for Q1 2025. The Update is available in .pdf format at the below link, and addresses news on the following topics that we hope are of interest to you:
- Presidential and SEC Transitions Continue
- SEC Abandons Defense of Climate Rule
- Ninth Circuit Considers First Amendment Challenge to SEC’s Gag Rule
- AICPA Seeks Comment on Alternative Practice Structures
- CPAB Amends Rules to Increase Disclosure of Inspection Results
- Supreme Court Distinguishes Between False and Misleading Statements
- Second Circuit Applies Crime-Fraud Exception to Overcome Attorney-Client Privilege
- Texas Supreme Court Adopts Anti-Fracturing Rule
- EU Proposes Simplified Rules Regarding Sustainability Reporting
- Other Recent PCAOB Regulatory and Enforcement Developments
Please let us know if there are topics that you would be interested in seeing covered in future editions of the Update.
Warmest regards,
Jim Farrell
Monica Loseman
Michael Scanlon
Chairs, Accounting Firm Advisory and Defense Practice Group, Gibson, Dunn & Crutcher LLP
In addition to the practice group chairs, this update was prepared by David Ware, Benjamin Belair, Monica Limeng Woolley, Bryan Clegg, Hayden McGovern, John Harrison, Nicholas Whetstone, and Ty Shockley.
Accounting Firm Advisory and Defense Group Chairs:
Jim Farrell – Co-Chair, New York (+1 212-351-5326, jfarrell@gibsondunn.com)
Monica K. Loseman – Co-Chair, Denver (+1 303-298-5784, mloseman@gibsondunn.com)
Michael Scanlon – Co-Chair, Washington, D.C.(+1 202-887-3668, mscanlon@gibsondunn.com)
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