This course will examine the recent activities of the Financial Accounting Standards Board (FASB) and will cover standards effective in the current year. We then switch gears and discuss standards issued by the Auditing Standards Board and the Accounting & Review Services Committees of the AICPA. Our focus is on the impact of the new standards and how you can prepare to implement them in a practical way.
Recently issued Accounting Standard Updates (ASUs). Leases; Financial instruments. The new auditors report (SAS 134). Employee Benefit Plan Audits (SAS 136). Materiality.
Prior experience with GAAP or GAAS.
Accountants in public practice and industry.
Describe recently issued changes to US GAAP. Define a lease under Topic 842. Prepare an audit report compliant with SAS 134 and 136.
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 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. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is 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.
She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors.
Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
Non-Member Price $159.00
Member Price $129.00