Genuine Learning Blog: OMB Proposed Changes to 2 CFR
The OMB provided notice of Request for Information (RFI) and notification of proposed guidance to 2 CFR. The OMB, through the RFI and the proposed rule revisions, [...]
Genuine Learning Blog: FASB Affirms Changes to Leases (Topic 842)
On February 15, 2023 FASB affirmed the proposed changes to Topic 842, Leases for related parties under common control. The Board unanimously affirmed a practical expedient for private entities [...]
Genuine Learning Blog – Proposed SBITA Implementation Guide Question
The GASB has exposed one additional question related to cloud computing arrangements and the scope of GASB 96. The question provides guidance on how to evaluate cloud computing arrangements [...]
Genuine Learning Blog – Proposed Changes to Yellow Book
GAO has issued a proposed update to GAGAS. The main changes include, similar to the AICPA, a movement to quality management and a more risk based approach to quality [...]