The 2025 US GAAP Year-End ChecklisT

The 2025 US GAAP Year-End Checklist | Audit Readiness
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The 2025 Regulatory Landscape

The 2025 closing cycle introduces specific challenges, primarily driven by the full adoption of recent Accounting Standards Updates (ASUs).

Critical Adoption Metrics

Mid-market controllers indicate significant lags in finalizing documentation for ASU 2023-09 (Income Tax Disclosures).

  • 78% have updated Segment Reporting policies.
  • 42% are still manual in Lease modifications.

Industry Readiness: New Standards

The “Perfect Close” Funnel

Audit Risk Profile: 2025 Hotspots

Where Auditors Will Look First

2025 audits will place outsized scrutiny on areas involving management judgment.

Revenue Recognition (ASC 606)

Leases (ASC 842)