Financial A&A news from around the web: January 13 – 17, 2025

FASB swiftly clarifies new DISE rule’s effective date 

The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in their first annual reporting periods beginning after Dec. 15, 2026. 

PCAOB doled out a record $37.4 million in fines in 2024 

During the fourth quarter of 2024, the PCAOB imposed more than $715,000 in fines to audit firms and individuals, bringing total penalties for the year to $37.4 million—the highest one-year total in its history, the PCAOB said in its quarterly recap for Q4 of 2024.