On the evening of May 8, lawmakers from the New York State Assembly and Senate finally passed the state's fiscal year 2026 budget worth $254 billion, according to The New York Times.  Gov. Kathy Hochul noted that the budget's child tax credit expansions, increased school funding as well as other programs would make New York a more affordable place to live.

On May 9, the PCAOB posted a new set of staff presentation videos created to assist firms in implementing four areas of their quality control (QC) system under QC 1000, A Firm’s System of Quality Control.