Genuine Learning Blog: FAF Issues Draft Strategic Plan
The FAF has issued a draft strategic plan for the FASB, GASB and FAF for public comment. The draft reviews the vision, mission and values of the FAF and [...]
Genuine Learning Blog: GAO 2022-2027 Strategic Plan
GAO has issued in 2022-2027 Strategic Plan. It includes the identification of 12 trends impacting the United States as well as 4 key efforts which are near-term priorities to [...]
SCACPA Advocacy Wins: Two Bills Signed by Gov. McMaster
South Carolina CPAs received two significant legislative wins this past week. South Carolina Governor Henry McMaster (R) signed two bills into law that positively impact the CPA profession in [...]
Genuine Learning Blog: OMB Issues 2022 Compliance Supplement
OMB has issued its 2022 Compliance Supplement. While originally promised in April of 2022, OMB issued it on May 12th which is much better than the previous years that [...]
Accountable Blog: Remote Work & Expiring COVID Restrictions
Submitted by David Peters, CPA, David Peters Financial Group As COVID restrictions are starting to come to an end, many companies are making decisions around whether to continue to [...]
Genuine Learning Blog: Use of a Service Provider in the Confirmation Process
The PCAOB has issued a staff spotlight looking at some auditor considerations when using a service provider in the confirmation process. It encourages auditors to evaluate whether they have [...]
SCACPA Legislative Alert: S.812 Updates to the CPA Practice Act
With SCACPA member support and the efforts of volunteer leaders, South Carolina CPAs scored a major victory at the State House. On Thursday, May 5, the South Carolina House [...]
Genuine Learning Blog: FASB ED: Reference Rate Reform
FASB has issued a proposal to amend the sunset provision in ASU 2020-04 due to the extension of LIBOR into 2024. In addition, it has proposed to expand the [...]