2025 Annual Update for Accountants & Auditors
8.00 Credits
Member Price $239
Non-Member Price $259
Overview
This course will start with the Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits. We’ll then switch our attention to the items coming down the pike, including a look at the projects identified by the FASB’s Invitation to Comment: Agenda Consultation. We’ll also review year 2 considerations for leases including modification accounting. Then we will switch gears, switching to the audit side of the house. We’ll review the impact of the changes to auditing group audits as well as the status of the AICPA’s quality management project management. This course will keep auditors up to date on the work of the ASB.
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:
- Technology Hot Topics for Audits.
- Accounting Standard Updates
- Projects identified by the FASB's Invitation to Comment: Agenda Consultation.
- Year 2 considerations for leases including modification accounting.
- The impact of the changes to auditing group audits
- The status of the AICPA's quality management project management.
- The current work of the ASB.
Prerequisites
None
Designed For
Accountants in public practice and industry
Objectives
After attending this presentation, you will be able to...
- Recall the impact of recently issued ASUs on financial reporting.
- Analyze the impact of recent SASes on audit engagements.
- Identify the impact of the SQMSs on firms.
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions
Melisa Galasso, CPA is assionate about providing confidence, not just compliance as she leads Galasso Learning Solutions as Founder & CEO. Melisa is a nationally recognized authority in designing and facilitating courses on advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Since 2016, she has guided the GLS team to deliver quality in everything we do. With a far-ranging career in public accounting, academia and industry and a bachelor’s degree from Georgetown University, Melisa has built a reputation for delivering engaging, effective learning experiences for CPAs. Committed to advancing our profession, she has served on multiple committees for leading industry organizations including the AICPA and FASB, written the nonprofit accounting book, “Money Matters for Nonprofits,” and has been honored with the Top 50 Women in Accounting Award, the Rising Star award from NAWBO Charlotte, and “40 under 40” recognition by CPA Practice Advisor. In her free time, Melisa loves spending time with her family and can often be found at one of her daughter’s horse shows, supporting the arts with tickets to the orchestra, volunteering, or speaking a bit of French or Spanish on one of her treasured quarterly vacations.
Non-Member Price $259
Member Price $239