Genuine Learning Blog: 2023 Compliance Supplement
On Friday May 19, the Office of Management & Budget issued the 2023 Compliance Supplement. This blog will review the largest changes of the various parts of [...]
Important Regulations Updates & More from Legislative Season
Last year, the passage of S.812 significantly updated the Accounting Practice Act. Almost as soon as the ink dried on the bill, task forces began drafting revisions to the [...]
Genuine Learning Blog – AICPA Issues Pipeline Plan
The AICPA issued the 4th version of their plans to improve the pipeline of accounting professionals. The AICPA provides some examples of what is causing the issues [...]
Genuine Learning Blog – FASB ED: Profits Interests
The FASB has issued a proposal to provide guidance for companies (both public and private) to reduce diversity in practice around accounting for profits interests. The proposal includes [...]
South Carolina Governor Appoints Brian J. Gaines as Comptroller General
In an Executive Order issued today, South Carolina Governor Henry McMaster announced the appointment of Brian J. Gaines as the new Comptroller General of the State of South Carolina. [...]
Leases
By Jaclyn Veno, CPA, Galasso Learning Solutions This article appears in the Spring 2023 issue of the South Carolina CPA Report For more than a decade, leases have been a [...]
Genuine Learning Blog: NASBA Changes Conditioning Rule for CPA Exam
NASBA announced that they have extended the time to sit and pass the CPA exam from 18 months to 30 months after receiving over 850 comment letters. [...]
SCDOR Launches Enhanced Online Business Tax Application
The South Carolina Department of Revenue (SCDOR) has launched an enhanced online Business Tax Application to simplify the registration process for new businesses in the state. The updated application [...]
Genuine Learning Blog: COSO Issues Report on Internal Controls Over Sustainability Reporting (ICSR)
COSO has issued a nonauthoritative report on how organizations can leverage the 17 principles and 81 points of focus in COSO 2013 to sustainability reporting. The report [...]