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Concept Statement: Chapter 2, The Reporting Entity

September 15, 2023

by WSCPA

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

The FASB has issued a new Concept Statement around the Reporting Entity. While concept statements are not authoritative GAAP they are the theory that underlies GAAP used by the board to develop ASUs.

Do you agree with the new definition?

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.