Genuine Learning Blog – GASB 98

By |2021-10-22T11:07:13-04:00October 20th, 2021|Auditing & Accounting, Educate|

Governmental Accounting Standards Board (GASB) has issued GASB Statement 98 renaming the Comprehensive Annual Report to the Annual Comprehensive Financial Report. The standard eliminates an unintended consequence when the acronym [...]

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Genuine Learning Blog – Ethics Exposure Draft: Accounting Standards Implementation Services

By |2021-10-01T09:00:25-04:00September 24th, 2021|Auditing & Accounting, Educate|

The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with implementing new accounting standards. The proposal identifies certain items [...]

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Genuine Learning Blog – FASB Proposal: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions

By |2021-09-24T16:00:09-04:00September 17th, 2021|Auditing & Accounting, Educate|

FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those [...]

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SCACPA’s Task Force Replies to AICPA ASB Proposed New Standards

By |2021-08-18T19:40:04-04:00August 18th, 2021|Advocate, Auditing & Accounting, Featured, Legislative/Advocacy, Regulatory, Technology|

The AICPA Auditing Standards Board has proposed the most significant changes regarding quality management since 2006 with three new interrelated quality management standards which will impact CPA firms at both [...]

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SINGLE AUDIT CONSIDERATIONS- Pandemic relief assistance makes many entities subject for the first time. Are they aware? Are they ready?

By |2021-08-11T17:31:23-04:00August 11th, 2021|Auditing & Accounting, Educate, Featured, Governmental|

Single Audit Considerations  Melisa Galasso  In response to the devastating effect of the global pandemic on the US economy, Congress passed several laws (the CARES Act, CAA and ARPA) [...]

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Genuine Learning Blog: GASB ED: Omnibus 20XX – GASB has issued a proposed Omnibus Exposure Draft.

By |2021-08-13T10:19:22-04:00July 28th, 2021|Auditing & Accounting, Educate, Featured|

GASB has issued a proposed Omnibus Exposure Draft. The ED addresses implementation issues for leases, PPP and SBITA as well as targeted accounting guidance. It also addresses the delay in [...]

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Genuine Learning Blog: FASB’s Agenda Consultation – Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here’s your chance.

By |2021-07-29T16:00:39-04:00July 23rd, 2021|Auditing & Accounting, Educate|

Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here's your chance. Today, Financial Accounting Standards Board (FASB) issued its Invitation [...]

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What does the Champlain Towers condo collapse mean to SC CPAs? CPAs who audit, advise, or participate in HOAs now have much to consider.

By |2021-07-29T16:52:49-04:00July 14th, 2021|Auditing & Accounting, Communicate, Featured|

What could the Champlain Towers condo collapse mean to SC CPAs? The moral of the tragic Champlain Towers story is that CPAs who audit, advise, or participate in HOAs [...]

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