Insights & Resources

Weaver’s overview of the SEC’s 2025 examination priorities describe practices by investment advisers and others that may come under SEC review.

The SEC’s approval of cryptocurrencies for trading means that taxpayers need to know the specific tax consequences associated with them.

The IRS released final regulations requiring “custodial” digital asset brokers to report digital asset sales and exchanges with little time to prepare.

Weaver’s second quarterly Accounting and SEC Update of 2024 covered stock compensation and other standards updates, filer status assessments and recent SEC/ PCAOB enforcement actions.

To prepare for required reporting in 2025, the IRS released draft Form 1099-DA for Digital Asset Brokers to report digital proceeds to their customers and the IRS.

FASB will require entities to use fair value accounting for crypto assets and provide additional information about their crypto holdings beginning in 2025.

According to the ruling, the fair value of staking rewards should be recognized as taxable income as of the date and time the taxpayer gains dominion and control.

The law, which takes effect Sept. 1, 2023, offers greater clarity for Bitcoin mining companies that use stranded and flared natural gas to power their operations.

In an effort to increase financial transparency, the FASB tentatively approved crypto assets to be separately disclosed from other intangible assets.

Recent cryptocurrency exchange failures were not caused by technological issues, but by a lack of structure in corporate governance and internal controls.

U.S. banking regulatory agencies (including the Federal Reserve, FDIC & OCC) released their first-ever joint statement on crypto-asset risks to banking organizations.

Companies must now account for cryptocurrency assets using fair value, according to a decision made by the Financial Accounting Standards Board (FASB).