The second week of April definitely had major impacts on standard setting.
The Not-For-Profit Advisory Committee (NAC) held its first meeting of 2020, which was delayed from March.
FASB announced a delay in the leases standard for nonprofit and nonpublic entities and threw in a delay of revenue recognition for franchisors. In addition, they provided context on how the next few months would unfold for standard setting.
GASB and the AICPA both announced upcoming meetings later in April.
Galasso Learning Solutions will keep you informed of what’s coming down the pike.
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.