2025 A&A Update With Technology Implementation
4.00 Credits
Member Price $149
Non-Member Price $169
Overview
Stay informed and prepared with this comprehensive annual update on the latest developments in accounting and auditing. We’ll begin with a deep dive into the Accounting Standards Updates (ASUs) effective in 2025, followed by insights from the FAF’s 2024 PCC Review and an overview of FASB’s Invitation to Comment - Agenda Consultation, which will shape the future of accounting standards. On the auditing side, we’ll tackle the essential changes in quality management standards that firms must implement by the end of 2025. The session will also highlight common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB). Join us to gain practical insights and actionable takeaways to navigate these updates with confidence. Finally, we will close the course by exploring the audit technology adoption process to help transform resistance into resilience as the industry embraces new technologies. We will learn how to overcome common barriers to deliver a successful implementation.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Deep dive into the Accounting Standards Updates (ASUs) effective in 2025.
- Insights from the FAF's 2024 PCC Review.
- Overview of FASB's Invitation to Comment - Agenda Consultation.
- The essential changes in quality management standards that firms must implement by the end of 2025.
- Common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB).
Prerequisites
Prior experience with GAAP & GAAS
Designed For
Accountants and Auditors
Objectives
After attending this presentation, you will be able to...
- Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting.
- Recall the changes made to PCC processes as a result of the 2024 PCC Review.
- Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation.
- Identify the components of quality management.
- Recall deficiencies identified by the DOL for EBP audits.Recall key projects of the Auditing Standards Board.
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions
Melisa Galasso, CPA is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC) and AICPA Council. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the Money Matters for Nonprofits and serves as a SME for the Center for Plain English Accounting.
Non-Member Price $169
Member Price $149