Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. The commentary is brief, [...]
The National Association of State Boards of Accountancy Board of Directors has announced its unanimous vote of support for the advancement of the CPA Evolution initiative that designs and [...]
FASB has issued an exposure draft that would delay the effective date of ASU 2018-12, which provides updated guidance on financial reporting for long duration insurance contracts. The effective [...]
Issued in July 2020, SAS 142 explains what constitutes audit evidence and sets out attributes of information when evaluating information. What questions do you have? Send your questions to [...]
GASB has issued a preliminary views document, which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to [...]
Fraudsters have been taking advantage of the new work and life routines of the pandemic and causing mayhem, according to Jessica Kaczor, CPA, CFE, of Bauknight, Pietras & Stormer, [...]
GASB has proposed major changes to the concept statements for recognition. The proposal further develops the concept of the short-term financial resources measurement focus. It makes changes to these [...]
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 [...]
Note: For your convenience, you can download a PDF with SCACPA's entire month of June CPE itinerary, complete with course information and links to register for the courses here. [...]
The Office of Management and Budget has issued an updated memo addressing coronavirus-related flexibilities provided under prior OMB Memos. Many of the flexibilities offered in the earlier memos have [...]
GASB has issued an exposure draft, “Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases,” to [...]
Amendment to the Effective Date of SAS Nos. 134 Through 140. Issued in May 2020, but it did not go through the Exposure Draft process. What questions do you [...]
Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities Issued June 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com [...]
The National Association of State Boards of Accountancy (NASBA) has proposed revisions to the Uniform Accountancy Act (UAA) Model Rules. The AICPA has already approved CPA Evolution and thus [...]
GAO has issued an alert addressing COVID and Yellow Book CPE requirements. These adjustments and grace periods are intended to be responsive to the cancellations of many CPE events [...]
By David R. Peters, CPA, CFP, CLU, CPCU | SCACPA Member Since 2016 I take pride in my quick trigger finger for making unwanted advertising disappear. Every morning starts with [...]
No matter where you logged in from, thank you to all SCACPA members and presenters who banded together to turn the May 14-15 Virtual Spring Splash into a CPE success [...]
FASB voted to delay both revenue recognition and leases for private entities at its May 20, 2020, meeting. The original proposal was for a delay for private company franchisors [...]
SCACPA is so much more than a CPE vendor. It’s your professional association that provides access to a community of professionals that protect, promote, inform, grow and educate CPAs in [...]
We wanted to alert you to these updates on decisions about delays from the AICPA’s Professional Ethics Executive Committee and Peer Review Board. PEEC Delays and Exposure Draft The [...]
Test Your Equipment Please Make Sure You’ll Be in the Correct Classroom! Gaining Your Credit Your Virtual Spring Splash is only a [...]
Spring Splash 2020 is going virtual, and we’re offering you more options than ever. SCACPA is delivering our planned tracks of Tax and A&A via livestream on May 14-15. [...]
Issued in in April 2020, it contains additional accounting and financial reporting guidance for types of Public-Private and Public-Public Partnerships not within GASB 60 or GASB 87. “Public-Private and [...]
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 [...]
COVID-19 Update: Part III with Town Hall (LIVESTREAM) (LITX44) When: Friday, April 24, 2020 (8:30 a.m.-12:30 p.m.) CPE Bank Hours for Members: 4 Price for Nonmembers: $160 Register now [...]
Paycheck Protection Plan Loans: Explained (LIVESTREAM) (LITX43) When: Friday, April 17 (8:30 a.m. - 10:10 a.m.) CPE Bank Hours for Members: 2 Price for Non-members: $80.00 Event Description Register [...]
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 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 [...]