PwC's accounting podcast

While relatively few new accounting standards have been issued this year, the FASB has been busy, with several proposals expected before year end and other projects underway. We discuss key projects on the FASB's agenda, potential changes to US GAAP, and why companies should be paying attention during the development phase. We also explore how companies can get involved and provide feedback during the standard setting process.
Key topics and timestamps
2:24 – Cash equivalents, stablecoins, and disclosures
5:53 – Equity-linked instrument classification
10:58 – Equity method of accounting
15:52 – Debt modifications and extinguishments
22:06 – Goodwill impairment testing
25:21 – Fair value and contractual sale restrictions
26:00 – Transferable tax credits
27:34 – Business combinations and asset acquisitions
30:42 – Potential changes to the statement of cash flows
32:06 – Data infrastructure investments
33:16 – How companies can engage in FASB standard setting
Additional resources
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About our guests
Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. In his role, Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters. 
Jay Seliber is a partner in PwC’s National office. He leverages over 35 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, consolidation, divestitures, revenue recognition, investments, restructurings, impairments, stock compensation, earnings per share, and financing transactions.
About our guest host
Angela Fergason is PwC’s standard setting leader, managing PwC’s strategy for engaging in accounting standard setting activities. A partner in PwC’s National Office, Angela is an experienced consultant on technical accounting and financial reporting matters, specializing in revenue recognition, employee compensation, and emerging issues impacting the technology industry. 
Transcripts
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
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Sustainability strategies are evolving as companies focus on protecting margins, building resilience, and identifying opportunities for growth. We discuss how companies can drive business value by embedding sustainability into business strategy, connecting sustainability initiatives to financial outcomes, and using data to guide business decisions.
Key topics and timestamps
1:31 — Embedding sustainability into business strategy
10:06 — Quantifying the financial impacts of sustainability risks and opportunities
14:19 — Climate risk, supply chain resilience, and business strategy
19:38 — Using sustainability information to inform business decisions
22:32 — AI’s sustainability impacts and responsible use
For more on sustainability and business strategy, check out our Sustainability News Brief.
Looking for the latest developments in sustainability reporting? Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. 
About our guest
Lynne Baber is PwC’s Global Sustainability Leader. She works with the PwC Global Sustainability Leadership Team to deliver PwC’s ambition to be the leading business adviser on sustainability issues, grounded in PwC’s client-centric, business-first approach. She provides support and advice to the PwC network on how to integrate sustainability factors with the broader business to both protect and create value. As well as this strategic advisory role, Lynne is PwC's Global Corporate Sustainability Leader, advancing PwC's own sustainability actions and commitments.
About our host
Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.
Transcripts
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 
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Software and software-as-a-service (SaaS) companies are navigating accounting questions as AI technologies become part of their products and development processes. We discuss how companies can apply existing accounting guidance to new revenue recognition questions involving software licenses, SaaS, AI-enabled services, and commercial arrangements. Our guests also discuss capitalizing and classifying software development costs.  
Key topics and timestamps
1:47 — Software licenses versus software-as-a-service
8:36 — AI-enabled services and revenue recognition
15:37 — Reseller arrangements and principal versus agent considerations
19:50 — Customer-vendor arrangements and consideration payable to a customer
23:56 — Minimum spend commitments and performance obligations
28:00 — AI costs and software capitalization
Additional resources
For more information see our publications:
Accounting for the cost of AI tools used in software development
Revenue recognition: A Q&A guide for software and SaaS entities
Software costs guide
Additionally, follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay informed.
About our guests
Angela Fergason is a partner in PwC's National Office. Her areas of specialty include revenue recognition, accounting for employee compensation arrangements, and other accounting and reporting issues impacting the technology industry. Angela is also PwC's standard setting leader, managing PwC's participation in the accounting standard setting process. 
Mike Coleman is a partner in PwC's National Office who specializes in accounting for revenue and software arrangements and has served technology clients for much of his career. In addition, Mike has represented the firm on the AICPA Software Task Force.
About our guest host
Pat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.
Transcripts
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 
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Geopolitical shifts are reshaping infrastructure decisions as companies navigate growing demand for AI and data centers, energy constraints, global supply chain dependencies, and climate-related pressures. We discuss how these interconnected forces are creating strategic vulnerabilities and critical dependencies—and how companies can build resilience while identifying opportunities in an evolving global environment.
Key topics and timestamps
1:45 — Geopolitics and infrastructure strategy 
6:29 — AI, data centers, and global dependencies 
11:12 — Power grid challenges and energy demand 
17:59 — Identifying strategic vulnerabilities 
22:47 — Balancing sustainability and energy security 
29:16 — A framework for board-level risk oversight
34:04 — Turning geopolitical risk into opportunity
For more details on geopolitics and infrastructure, check out these other publications:
Climate Week 2026 recap: Key takeaways from the conversations happening on the ground
Managing geopolitical risk in a more turbulent world — 7 things to consider
Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards. 
About our guest
Craig Stronberg is the Senior Director of PwC Intelligence. He works for PwC leaders, enabling decision confidence about how geopolitics impacts business strategy and investment. He leads the geopolitical capability for PwC Intelligence, spearheading a team of analysts that provide global intelligence to key stakeholders. In addition, he is the primary geopolitical risk advisor to PwC leadership and the PwC board of directors.
About our host
Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.
Transcripts
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

Finance and management teams play an important role in helping audit committees stay informed, focused, and prepared in a fast-changing business environment. We discuss how management can better support audit committee oversight through timely information, thoughtful scenario analysis, effective pre-read materials, and more forward-looking discussions—including as boards consider evolving areas such as AI, cybersecurity, geopolitical uncertainty, and regulatory change.
Key topics and timestamps
2:54 — Audit committee priorities
5:15 — Scenario planning and analysis 
7:01 — Effective pre-reads and meeting materials 
10:10 — AI oversight and governance 
13:15 — Key risks on the agenda 
17:48 — Board priorities for what’s ahead
Additional Resources
For more on supporting effective audit committee oversight, check out these PwC publications:
Board oversight of AI transformation
Overseeing the external auditors
Financial reporting oversight
For more conversations like this one, join our Quarterly accounting webcast. Each quarter we bring together PwC specialists and prominent external guests to share diverse perspectives on the latest developments in accounting and reporting, along with timely insights to help you prepare for the reporting cycle ahead.
Additionally, follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay informed.
About our guest
Laura Hay serves on the boards of MetLife [NYSE: MET], Everest Group [NYSE: EG], and Hippo Holdings [NYSE: HIPO]. She chairs the audit committees of MetLife and Everest and contributes to Audit, Risk & Finance, Tech/Cyber and Nominating & Governance Committees between the three boards. She previously served on the board of KPMG US, chairing its Compensation/Pension and Nominating Committees and contributing to Risk and Audit/Finance.
About our guest host
Kathy Nieland is a partner in PwC’s Governance Insights Center, where she leads governance practices for directors serving on audit committees. She has over 30 years of experience in providing assurance and advisory services to PwC clients. Her current roles also include oversight of PwC’s largest global industrial and services audit clients. Client service experience includes serving Global SEC registrants in the chemicals, manufacturing, engineering and construction, energy services, clean technology, metals, retail, and services industries.  
Transcripts
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.