We continue our SEC-focused series with a discussion on transaction-related matters, including IPOs, mergers and acquisitions, spinoffs, and divestitures. Our guests share insights into the SEC preclearance process and common SEC comment letter themes. Getting ahead of these issues can help avoid delays that may significantly impact deal timing and disclosures.

In this episode, we discuss:

• 3:56 – Overview of 2025 IPO and M&A market activity
• 7:08 – SEC preclearance process and common issues
• 19:59 – Typical transaction filing review comment letter themes
• 32:49 – Final takeaways on anticipating and addressing SEC comments

For more information:

• Going for a spin: Accounting and reporting for spinoffs
• Financial statement presentation guide
• Business combinations guide

In case you missed it, check out the previous episodes in this SEC-focused series:

• SEC now: Today’s landscape and recent developments
• SEC now: Non-GAAP 2025 comment letter trends

For more on the SEC, listen to our recent episode on frequency of reporting, SEC to revisit quarterly reporting: Pros, cons, and what’s ahead. Also, check out our SEC reporting series from earlier this year where we take a “back to basics” look at key reporting areas:

• Inside SEC reporting: Capital formation
• Inside SEC reporting: Acquisitions and divestitures
• Inside SEC reporting: Pro forma financial information
• Inside SEC reporting: Form 8-K (current report)

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About our guests, Katie Driessen, a partner in PwC’s National Office who assists companies with complex accounting and financial reporting issues related to capital markets transactions and Scott Feely, a PwC National Office Deputy Chief Accountant with 30 years of experience supporting clients.

About our guest host, Kyle Moffatt, PwC’s Professional Practice leader who guides teams partnering with regulators and delivering influential thought leadership and educational materials.

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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We continue our SEC-focused series with an episode on non-GAAP financial measures, commonly used by companies to supplement their financial statements and provide investors with a deeper understanding of their performance or financial condition. Given their importance, it’s been a top focus area for the SEC staff over the last several years, and we expect that trend to continue. We highlight common comment letter themes and share practical guidance for year-end reporting and comment letter responses.

In this episode, we discuss:

• 2:17 – Overview of non-GAAP measures
• 6:20 – SEC comment letter trends and recurring issues
• 23:15– Possible shifts in focus under the new SEC administration
• 27:35 – Year-end reminders and best practices for responding to SEC comments

In case you missed it, check out our first episode in this SEC-focused series: SEC now: Today’s landscape and recent developments.

For more on the SEC, listen to our recent episode on frequency of reporting, SEC to revisit quarterly reporting: Pros, cons, and what’s ahead. Also, check out our SEC reporting series from earlier this year where we take a “back to basics” look at key reporting areas:

• Inside SEC reporting: Capital formation
• Inside SEC reporting: Acquisitions and divestitures
• Inside SEC reporting: Pro forma financial information
• Inside SEC reporting: Form 8-K (current report)

Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.

Our guests are Kevin Vaughn, a PwC National Office partner specializing in SEC reporting matters, and John Ly, a PwC National Office managing director within the SEC & Capital Markets group.

Our host is Kyle Moffatt, PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials.

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.

The levelized cost of electricity (LCOE) is a widely-cited metric used to compare the cost of energy from different power sources—but it’s often misunderstood and misused. This week, host Heather Horn is joined by Karl Hausker, Senior Fellow at the World Resources Institute’s Polsky Center for the Global Energy Transition, to cover what LCOE really measures, why it’s not the full story, and how it fits into the broader effort to decarbonize the power sector. Together, they explore what companies and regulators should consider when evaluating clean energy investments and transition plans.

In this episode, we discuss:

• 5:23 – What LCOE measures—and what it misses
• 11:29 – Why LCOE shouldn’t drive policy decisions
• 25:20 – Implications for companies and scope 2 emissions
• 31:41 – The future energy mix

As referenced in this episode, explore Karl Hausker’s companion slides for more information.

At the time of recording, the GHG Protocol exposure drafts on scope 2 had not yet been released. Check out GHG Protocol announces Scope 2 Public Consultation for more information.

Looking for more on GHG and sustainability reporting?

• CARB releases draft emissions reporting template
• Sustainability now: Inside the GHG Protocol’s scope 3 update
• PwC’s Sustainability reporting guide

About our guest

Dr. Karl Hausker is a Senior Fellow in the WRI Polsky Center for the Global Energy Transition. He leads analysis and modeling of climate mitigation, electricity market design, and the social cost of carbon. He testifies before Congress, lectures widely on deep decarbonization, and served as an expert reviewer for Sixth Assessment Report of the Intergovernmental Panel on Climate Change.

About our host

Heather Horn is the PwC National Office Sustainability & 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 available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com

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