Quarterly accounting roundup: Q2 2025 update on important developments

Stephen is a managing director in the Accounting and Reporting Services Group in Deloitte’s National Office in Stamford, Connecticut. In this role, he provides accounting consultations to engagement teams, monitors accounting standard-setting activities, and writes internal and external publications primarily on the accounting for leases and financial instruments. Prior to that, Stephen was a Practice Fellow with the Financial Accounting Standards Board (FASB) where he led the staff’s efforts on the financial asset impairment project. In this role, he actively participated in the standard-setting process by leading outreach efforts, developing and drafting issue papers, making recommendations to the Board on technical issues, and developing and drafting Accounting Standards Updates. Prior to his role in Deloitte’s National Office, Stephen worked in the Accounting Practices department of IBM primarily dealing with revenue recognition and leasing issues. Prior to his role at IBM, Stephen was a manager in the audit practice in Stamford, Connecticut (CT) with a focus on the consumer business and commercial printing industries. Stephen graduated from The University of Connecticut with a Bachelor of Science in Accounting. He is a Certified Public Accountant in Connecticut and is a member of the Association of International Certified Professional Accountants (AICPA) and Connecticut Society of Certified Public Accountants (CPAs).

Doug is a Managing Director in Deloitte’s National Office – Accounting and Reporting Services focusing on ESG reporting, SEC reporting and IPOs. He consults on technical SEC reporting matters, reviews SEC filings, advises clients on transactions and interpretations of SEC and ESG reporting literature, and develops Deloitte's SEC and ESG publications. He has experience serving clients in a variety of industries. He has experience with a wide range of technical accounting (US GAAP and IFRS) and auditing (PCAOB and AICPA) matters.

Christine Mazor is an audit partner with more than 25 years of experience in serving domestic and global clients. She serves as a partner on the SEC Reporting and Business Combinations subject matter teams in accounting & reporting services in Deloitte’s National Office, assisting clients and engagement teams with applying SEC regulations in capital market transactions including IPOs, SPACs, mergers, spin-offs, and debt offerings. Her responsibilities include consultation on SEC reporting matters and interpretation of regulations, including the SEC’s guidance and final rule on cybersecurity disclosures. She is involved in the authoring and production of published interpretive guidance on SEC related matters, including Deloitte’s Roadmap to Non-GAAP Financial Measures and Heads Up publications on cybersecurity disclosures. Christine is the deputy professional practice director for Retail and Consumer Business, with experience serving this industry throughout her career at Deloitte.