Genuine Learning Blog: Induced Conversions of Convertible Debt Instruments
In December, FASB issued a proposed ASU that helps organizations determine whether a transaction is an induced conversion or an extinguishment. The topic comes from [...]
Genuine Learning Blog: DOL Audit Quality Study Report
In November 2023, the DOL issued their Audit Quality study that found that 30% of ERISA audits from 2020 (prior to the adoption of SAS [...]
Genuine Learning Blog: GASB 102
In January 2024, GASB issued Statement 102, Certain Risk Disclosures which provides additional risk information to users beyond those currently required. The standard focuses on [...]
Genuine Learning Blog: 2023 Trends Report
The AICPA issued their 2023 Trends report which provides data on trends related to supply and demand for accounting students as well as trends related [...]
An Introduction to the Corporate Transparency Act
Submitted by Matthew B. Edwards and D. Parker Baker III of Thomas, Fisher & Edwards, P.A., Greenville Note: This article has been adapted from an article entitled “The Basic [...]
Genuine Learning Blog: 2023 Year In Review
2023 is in the record books. This blog will review the standards that were issued by the FASB, AICPA and GASB throughout the year. This [...]
Accountable Podcast: NEXT Practices — Not BEST Practices with Karl Ahlrichs
When it comes to unclogging the CPA pipeline, Karl Ahlrichs (an HR professional and thought leader who's also bilingual in accounting) doesn't believe you should emulate tried-and-true best practices. [...]
Beneficial Ownership Information
By Ian Redpath, JD, LLM This article originally appeared in the Summer 2023 edition of the South Carolina CPA Report. The beneficial ownership information (“BOI”) reporting provisions were part [...]
Genuine Learning Blog: ASU 2023-09
In response to the requests of investors for more disaggregation, the FASB has issued ASU 2023-09, Improvements to Income Tax Disclosures. The ASU will require [...]
Genuine Learning Blog: AICPA ED on Stablecoin
The AICPA's Assurance Services Executive Committee (ASEC) recently issued an exposure draft to provide a framework for stablecoin issuers to present information about stablecoins and [...]