At GASB’s teleconference meeting on April 14, a vote passed that delays standards by one year due to COVID 19. The exposure draft was issued on April 15 – what historically is Tax Day, but not this year. Comments are due by the end of April to help GASB have a quick turnaround time for issuing a final standard (especially for those upcoming May and June year-ends!).
Postponement of the Effective Dates of Certain Authoritative Guidance: https://www.gasb.org/jsp/GASB/Document_C/DocumentPage?cid=1176174483475&acceptedDisclaimer=true
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SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa was a speaker on audit topics at SCACPA’s 2019 Fall Fest and Spring Splash accounting conferences. She also takes part in many SCACPA seminars and rebroadcasts.
With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.
Read the latest Melisa Galasso A&A Interview: Private Company Council Member Jeremy Dillard and Standard-Setting Advocacy