SCACPA Blog2021-07-26T11:03:24-04:00

Genuine Learning Blog – GASB ED: Certain Risk Disclosures

The GASB has issued a proposal around disclosures related to certain risks. The proposal provides disclosure requirements for certain concentrations and constraints. Comments are due September 30, 2022. GASB EXPOSURE DRAFT—CERTAIN RISK DISCLOSURES Do [...]

Genuine Learning Blog – ESG Merger Completed

This week marked a major consolidation in the ESG standard setting arena. The IFRS Foundation completed its consolidation of the Value Reporting Foundation (VRF). The IFRS Foundation is the parent entity to the IASB [...]

SCACPA Announces Collaboration with Oliver Gospel Mission

The Oliver Gospel Mission in Columbia helps those experiencing homelessness, poverty, or addiction. Its vision is to guide those in need from separation to transformation. The organization works with those in need to transition [...]

Genuine Learning Blog – Q2 2022 In Review

The second quarter of 2022 is behind us and it was a very busy one for standard setters. The AICPA issued their suite of standards related to quality control. They also issued a SAS [...]

Exposure Draft: Proposed 2024 CPA Exam Changes 

The Exposure Draft, Maintaining the Relevance of the Uniform CPA Examination® - Aligning the Exam with the CPA Evolution Licensure Model, is available for public comment. The draft is a proposal for the 2024 [...]

Genuine Learning Blog – PEEC Conforming Amendments

The AICPA's Professional Ethics Executive Committee (PEEC) has proposed changes to a few interpretations to align the verbiage around ownership with previously issued interpretations related to loans. The proposed changes address three sections of [...]

SCDOR: Help Your Clients Plan for Tax Free Weekend

Submitted by the South Carolina Department of Revenue South Carolina’s 2022 Tax Free Weekend is August 5-7, and the South Carolina Department of Revenue (SCDOR) wants to help retailers prepare. Help your clients in [...]

CPA Practice Act Passed: What Comes Next

One month ago, we celebrated the signing of Senate Bill 812 into law. The CPA Practice Act resulted from hours of conversations around conference tables and discussions with legislators, reams of paper with draft [...]

Genuine Learning Blog: Engage 2022

The GLS team had a great time this week in Las Vegas for the ENGAGE conference. The team was able to interact with clients and colleagues both at the exhibit booth and at various [...]

Genuine Learning Blog: AICPA Issues TQA on OI

The AICPA has issued a TQA in May addressing reporting and dating issues related to Other Information (OI) received after the date of the auditor's report. SAS 137 added some additional performance and reporting [...]

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