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ASU 2022-05 & 06

January 09, 2023

by WSCPA

A&A TODAY: PRESENTED BY THE WSCPA AND GALASSO LEARNING SOLUTIONS

In December 2022, the FASB issued two Accounting Standard Updates that make changes to previously-issued standards. ASU 2022-05 updates the transition guidance for ASU 2018-12 impacting long duration contracts. ASU 2022-06 extends the sunset date for reference rate reform.

How many ASUs do you think FASB will issue in 2023?

To learn more about important accounting and auditing developments, join us for one of these upcoming CPE programs with Melisa Galasso.

WSCPA is excited to partner with Galasso Learning Solutions to provide A&A Today, real-time A&A updates and answers. Check the WSCPA blog often for new episodes or subscribe on YouTube.

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.