Let’s review the standards issued and proposed by GASB, FASB and the AICPA during 2020’s second quarter.
While it was a slower quarter, GASB finalized quite a few final standards. It also issued exposure drafts for the conceptual framework and a preliminary views document on revenue and expenses.
FASB focused solely on COVID-19. The AICPA addressed COVID-19 as well, while also issuing the final standard in its reporting suite and four Technical Q&As.
- What questions do you have? Send your questions to melisa@galassolearningsolutions.com
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SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa was a speaker on audit topics at SCACPA’s 2020 Virtual Spring Splash accounting conferences. She also takes part in many SCACPA seminars and rebroadcasts.
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.
Read the latest Melisa Galasso A&A Interview: Private Company Council Member Jeremy Dillard and Standard-Setting Advocacy
