FASB has proposed a one-year delay of revenue recognition for private company franchisors. In addition, public and nonpublic nonprofits will receive a delay along with nonpublic entities. The delay [...]
This is part of a larger suite of SASes that is designed to change the auditor’s report. The goal here is conforming amendments to various sections. What questions do [...]
Issued in April 2020, GASB 93 addresses a major global impact. What questions do you have? Send your questions to melisa@galassolearningsolutions.com. Tune in to the Galasso Learning Solutions SCACPA [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources At GASB’s teleconference meeting on April 14, a vote passed that delays standards by one year [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources Here is the latest information to help CPAs as they assist small businesses. (UPDATED: April 15, [...]
As promised at their meeting early this week, the Financial Accounting Standards Board has issued a staff Q&A addressing how lease concessions related to COVID-19 should be treated from [...]
Keep up with all SCACPA updates specific to the COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA hears your frustration around providing services to your small business clients as they apply for Paycheck [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The first quarter of 2020 started much like any other year’s first quarter. Obviously, it didn’t [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The second week of April definitely had major impacts on standard setting. The Not-For-Profit Advisory Committee [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA wants to thank our members for taking advantage of the forums of SCACPA Connect, our [...]
SCACPA knows that many CPAs are analyzing the rules of the Treasury Department’s Paycheck Protection Program application. While there are many ways you can help your small business clients, [...]
The Department of Treasury has released the Paycheck Protection Program application and supplemental information, all available on their website. The AICPA is providing a page on "SBA Paycheck Protection [...]
This past week found our regulatory agencies working hard to address COVID-19. OMB expanded its administrative relief to entities impacted operationally by current conditions The AICPA provided guidance on [...]
Note: The following is a letter from SCACPA CEO Chris Jenkins to South Carolina Governor Henry McMaster with a request to define accounting services as an essential service in [...]
The U.S. Office of Management and Budget has issued administrative relief for those who receive federal financial assistance that is DIRECTLY RELATED to COVID-19. The Governmental Audit Quality Center [...]
GASB has issued an exposure draft that will address implementation issues in GASB 84 and component units while also addressing accounting and financial reporting for Section 457 plans. This [...]
WHEN: Thursday and Friday, May 14-15 WHERE: Spartanburg Marriott, 299 North Church Street, Spartanburg 29306 REGISTER: www.scacpa.org/spring-splash or call 803.791.4181 Enjoy a change of scenery at the end of [...]
Are there tax-related issues you'd like to talk about? It's time to join the SCACPA Connect conversation. You might have noticed activity on what will soon be the go-to [...]
GASB has issued an exposure draft to update the Conceptual Framework for Note Disclosures. The exposure draft describes the types of information that should be disclosed in notes and [...]