Genuine Learning Blog: FASB ITC – 2025 Agenda Consultation
The FASB has issued an Invitation to Comment for a 2025 Agenda Consultation. Similar to the 2021 Consultation, the FASB is proposing a variety of potential future [...]
Genuine Learning Blog: Proposed ASU on Interim Reporting (Topic 270)
Don't let Annual Reporting steal all the spotlight! Interim Reporting matters too! The FASB has proposed updates to Interim Reporting (Topic 270) to improve clarity and ensure [...]
Genuine Learning Blog – AICPA Ethics: Simultaneous Employment Proposal
On December 16, 2024 the AICPA's Professional Ethics Executive Committee (PEEC) issued proposed revisions related to simultaneous employment or association with an attest client. Key changes from [...]
Career Opportunity: Accounting Lecturer – The School of Accounting in the Darla Moore School of Business at the University of South Carolina
The School of Accounting in the Darla Moore School of Business at the University of South Carolina is seeking an accounting lecturer beginning August 16, 2025. Teaching loads are [...]
Career Opportunity: Clinical Professor – The School of Accounting in the Darla Moore School of Business at the University of South Carolina
The School of Accounting in the Darla Moore School of Business at the University of South Carolina is seeking to fill a clinical professor position at the assistant or [...]
Genuine Learning Blog: FASB Proposes Changes to Grant Accounting for Businesses
The FASB has proposed new accounting guidance for business entities who receive government grants. ASU 2018-08 explicitly excludes transfers of assets from government entities to business entities [...]
National Pipeline Advisory Group (NPAG) Releases Official Report
Author: Jaclyn Veno, CPA This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report The AICPA’s National Pipeline Advisory Group (NPAG) initially began work [...]
Genuine Learning Blog: Stages Out, Simplicity In: Proposed Updates to Accounting for Internal-Use Software
Stages Out, Simplicity In: FASB's New Proposal on Internal-Use Software Accounting! With the rise of agile development and modern technology, it’s time to ditch the old stage-based [...]
Genuine Learning Blog: GASB Implementation Guidance Update 2025 – Exposure Draft
The GASB recently released an exposure draft for the 2025 Implementation Guidance Update. This guidance includes Q&As that address inquiries about previously issued statements and to help [...]
Genuine Learning Blog: 2024 Year in Review
The number of issued standards likely hit one of the lowest points in history! This blog will review the accounting, auditing and ethics standards issued by the [...]
Genuine Learning Blog: ASU 2024-04
Introducing our latest GLS nano training on ASU 2024-04: Induced Conversions of Convertible Debt Instruments! Learn what changes this new guidance brings! Including: 🧩 Clarity on the [...]
Genuine Learning Blog: GASB Infrastructure Assets – Preliminary Views
GASB has issued its Preliminary Views on the accounting and financial reporting for infrastructure assets and is looking for your comments on the issues. Watch this week's genuine [...]
Genuine Learning Blog: FASBs New Proposal on VIE Acquirers
Who's Really In Charge? Dive into our latest Genuine Learning Blog video where we unpack the Proposed Accounting Standards Update on Business Combinations (Topic 805) and Consolidation (Topic [...]
Genuine Learning Blog: Proposed Standards for Accounting & Review Services
On September 23, 2024 the AICPA's Accounting & Review Services Committee proposed SSARS Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting [...]
Genuine Learning Blog: FASB Proposed Changes to Hedge Accounting
A Blog to Keep You On the HEDGE OF YOUR SEAT!The FASB released its Exposure Draft on Hedging Accounting in September 2024, and it's a game changer! With [...]
IRS Offers Tax Relief for Victims of Hurricane Helene
By Larry Pon, CPA, EA, USTCP, CFP, PFS, AEP The IRS has announced tax relief for individuals and businesses affected by Hurricane Helene. Here are the key details to [...]
From the SCDOR: Hurricane Relief Update
The SCDOR provided this information on October 7, 2024. The SCDOR is granting relief to South Carolina taxpayers in the wake of Hurricane Helene. Several returns and payments originally due [...]
IRS announces tax relief for victims of Hurricane Helene in South Carolina; various deadlines postponed to May 1, 2025
The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of South Carolina that were affected by Hurricane Helene that began on Sept. [...]
Genuine Learning Blog: Detecting Government Fraud
The AICPA's Government Performance and Accountability Committee issued the Detecting Government Fraud report in June 2024. The report highlights 4 cases of government fraud with what controls could [...]
Genuine Learning Blog: TQA on DOE’s Related Party Disclosure Requirements
The AICPA has issued a TQA to assist auditors with addressing how to consider the new Department of Education's related party disclosure requirements. The TQA provides example [...]
Key Supreme Court Decisions Impacting Tax Professionals in 2023-2024 Session
The latest session of the Supreme Court brought significant decisions that directly impact the realm of tax law. Here’s a concise look at the major cases and their implications: [...]
Genuine Learning Blog: Proposed Ethics Interpretation on Recruiting
The AICPA's Professional Ethics Executive Committee (PEEC) has issued another proposed interpretation, this one addressing recruiting as a nonattest service. The proposal provides updated guidance on the [...]
AICPA & CIMA CEO announces retirement
May 22, 2024 -- Today, Barry Melancon, CPA, CGMA, announced that he plans to retire on December 31, 2024, from his role as President and CEO of the American Institute [...]
Genuine Learning Blog: IESBA Tax Planning Revision
In April, IESBA issued new guidance to provide ethical considerations for tax planning performed by those in public practice as well as those in industry. The guidance [...]
Genuine Learning Blog: Proposed Sustainability Ethics Standard
IESBA has issued a Proposed International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA) and Other Revisions to the Code Relating to Sustainability [...]
Accountable Podcast: Will This Tax Season Be Taxing? with Bill Harden
Buckle up: It’s tax season. So what better time to explore all things tax? On this episode, David is joined by Bill Harden, Associate Professor at the Joseph M. Bryan School [...]
Genuine Learning Blog: ISAs for Less Complex Entities
In December, the International Auditing and Assurance Standards Board issued the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA [...]
Accountable Podcast: Creating the Firm of the Future with Samantha Bowling
Are innovations threatening accounting, finance and business — or shoring them up? Samantha Bowling, CPA, CFE, CGMA, joins host David Peters to offer her perspective. She tells the story of [...]
Genuine Learning Blog: 2024 NASBA CPE Standards Update
The AICPA & NASBA issued updated CPE Standards in January 2024. They made changes to definitions and clarified group internet based rules. They also addressed [...]
Accountable Podcast: Streamlining for Success with Cory Gayman
Whether you're a financial services professional or one of the business owners they serve, you may have some outdated processes and procedures to revisit -- especially given the hyperspeed [...]