The AICPA is proposing changes to the peer review standards. This update includes proposed changes for quality management with effective dates that would tie to the QM implementation. But there are other changes that are also included referred to as Omnibus changes that will be implemented earlier. Due to the release in November, the AICPA has provided a longer comment period with comments due May 2024.

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.

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.