Auditing & Accounting

Galasso Learning Solutions: Quality Management Proposal (Part 2)

By |2021-02-24T17:18:30-05:00February 19th, 2021|Auditing & Accounting, Educate|

This week, we continue our discussion of the AICPA's proposed changes to Quality Management. SQMS 2 addresses the role and responsibilities of the engagement quality reviewer. We will look [...]

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Galasso Learning Solutions: Quality Management Proposal (Part 1)

By |2021-02-14T16:29:10-05:00February 14th, 2021|Auditing & Accounting, Educate|

The AICPA has issued three new proposals related to quality management. The new SQM Standards will replace the extant quality control (SQCS) and provide a more scalable and risk-based QM [...]

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Online Tools & Resources Await: Starting with Connect by SCACPA

By |2021-02-11T23:21:01-05:00February 4th, 2021|Auditing & Accounting, Blogs, Business & Industry, Connect, Featured, Governmental, Membership, Membership Page Controls, Tax|

As a CPA, you know a lot. But, in today’s changing environment, there are a lot of subjects where you probably have a fair share of questions. That’s why [...]

For Second Year in a Row, Forbes Names Bauknight Pietras & Stormer Among Top U.S. Tax and Accounting Firms

By |2021-02-05T16:00:31-05:00February 4th, 2021|Auditing & Accounting, Connect, Membership, Public Relations, Tax|

Forbes has named Columbia-based CPA firm Bauknight Pietras & Stormer to its annual “Top Accounting Firms in America” list for the second year in a row. BPS was honored [...]

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Galasso Learning Solutions: ASU 2021-02

By |2021-02-02T17:31:50-05:00February 2nd, 2021|Auditing & Accounting, Educate, Regulatory|

ASB has issued its second ASU of 2021 addressing a new practical expedient for revenue recognition. "ASU 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient," offers private [...]

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Galasso Learning Solutions: The Future of Jobs Report

By |2021-02-01T16:46:59-05:00January 29th, 2021|Auditing & Accounting, COVID-19, Educate, Governmental, Regulatory|

The World Economic Forum released its 2020 Future of Jobs Report, which looks at the impact of technology on the job market. The report addresses the impact of COVID, a [...]

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Galasso Learning Solutions: Professional Ethics Strategy and Work Plan for 2021-2023

By |2021-01-22T15:58:22-05:00January 22nd, 2021|Auditing & Accounting, Educate, Regulatory|

In 2019, the AICPA issued a consultation paper for feedback on the projects Professional Ethics Executive Committee should address. After evaluating feedback, PEEC has issued its Strategy and Work Plan [...]

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Galasso Learning Solutions: Goodwill Impairment Proposal

By |2021-01-19T12:44:35-05:00January 19th, 2021|Auditing & Accounting, Educate, Regulatory|

FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be required to identify triggering events for goodwill impairment. After initially identified by the [...]

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Galasso Learning Solutions: SSAE 22

By |2021-01-15T18:12:37-05:00January 15th, 2021|Auditing & Accounting, Educate, Governmental, Regulatory|

AICPA's Auditing Standards Board (ASB) issued SSAE 22, Review Engagements, completing the update of the attestation standards. SSAE 19 modernized AUPs, SSAE 21 modernized examinations, and now SSAE 22 will [...]

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Galasso Learning Solutions: Updates to the CPA Exam

By |2021-02-01T16:15:32-05:00January 15th, 2021|Auditing & Accounting, Educate, Membership, Uncategorized|

The AICPA has released its new CPA Exam Blueprint, which outlines the format and content of the exam. Following a deep review of the topics covered in 2019, the Final [...]

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Galasso Learning Solutions: ASU 2021-01 – Reference Rate Reform (Topic 848): Scope

By |2021-01-19T12:58:26-05:00January 14th, 2021|Auditing & Accounting, Educate, Regulatory|

The Financial Accounting Standards Board (FASB) has issued its clarification to ASU 2020-04 for Reference Rate reform. The first ASU of 2021 focuses on the scope of the practical expedients [...]

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Galasso Learning Solutions: 2020 Year in Review

By |2021-01-19T12:44:06-05:00January 14th, 2021|Auditing & Accounting, COVID-19, Educate, Governmental, Regulatory|

Galasso Learning Solutions is kicking off 2021 with our annual year in review. This episode focuses on the standards issued in 2020 by the AICPA, FASB and GASB. It provides [...]

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Surgent’s On-Demand Self-Study Offers SCACPA Members the Specific CPE You Need With More than 230 Courses

By |2021-01-19T16:56:39-05:00January 14th, 2021|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA is excited to continue partnering with Surgent CPE for on-demand self-study in the 2020-21 membership year. Association members can depend on this incredible opportunity to get specialized knowledge [...]

Galasso Learning Solutions: Updates to Virtual Currency Guidance

By |2020-12-10T23:14:50-05:00December 10th, 2020|Auditing & Accounting, Regulatory|

The AICPA has updated its Practice Aid on Accounting for and auditing of digital assets to address more niche Codification topics. The update includes discussion of accounting for broker dealers [...]

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Knoble: Ready for Attest Work to Get Exciting Again?

By |2020-12-08T21:30:13-05:00December 8th, 2020|Auditing & Accounting, Communicate, Technology|

It’s possible to find a cloud software vendor that is nimble to user feedback for its programs to boost efficiencies By David Knoble, CPA, CGMA (SCACPA Member since 2010) [...]

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CPE Listen and Learn: SCACPA Members Can Make Livestream a Part of Their Workday

By |2020-11-18T08:02:56-05:00December 8th, 2020|Auditing & Accounting, Business & Industry, Membership, Tax, Technology|

Since the start of All-Inclusive Membership, SCACPA has worked hard to make sure our CPE offerings meet the needs of South Carolina CPAs. That means we schedule the courses [...]

Galasso Learning Solutions: GASB Implementation Guidance Update 2021

By |2020-12-03T14:18:15-05:00December 3rd, 2020|Auditing & Accounting, Educate, Regulatory|

Let’s look at the recently proposed GASB Implementation Guide for 2021. It provides questions and answers on topics ranging from derivative instruments and fiduciary activities to leases and nonexchange transactions. [...]

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LLR 2021 License Renewal Notices are Arriving in Your Inbox

By |2020-12-21T13:13:00-05:00December 1st, 2020|Auditing & Accounting, Blogs, Business & Industry, Communicate, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Partners, Public Relations, Regulatory, Technology|

The South Carolina Association of CPAs is sending an advisory to its members that the South Carolina Department of Labor, Licensing and Regulation has begun issuing courtesy notice email [...]

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Galasso Learning Solutions: SLG Client Affiliate Implementation Guide

By |2020-11-20T12:44:14-05:00November 20th, 2020|Auditing & Accounting, Educate, Governmental, Membership, Regulatory, Uncategorized|

The AICPA has rolled out a Toolkit to Assist Firms in identifying affiliates under the new ET Section 1.224.020. In June 2019, the PEEC rolled out a new definition [...]

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Galasso Learning Solutions: ASU 2020-11

By |2021-01-07T14:27:15-05:00November 12th, 2020|Auditing & Accounting, COVID-19, Educate, Regulatory|

This is a continuation on the adaptation of COVID delays. Issued: November 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com Tune in to the Galasso Learning [...]

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