Genuine Learning Blog – Proposed Changes to Peer Review
The AICPA has issued a proposal to make updates to the Peer Review standards. The changes are primarily formatting to make the standards more user friendly. There are a [...]
Temporary Regs Implement IDR Requirements in Surprise Billing Law and 3 more topics! Nichols Tax Update 21-40
Nichols Tax Update 21-40 IRS Announces Extension of Replacement Period for Sold Livestock The IRS has announced (IR-2021-193) that farmers and ranchers who previously were forced to sell livestock [...]
Genuine Learning Blog – Q3 2021 In Review
This week's GLS blog addresses the final standards that were issued by the AICPA, FASB and GASB in the third quarter of 2021. While it was a light quarter [...]
Life Insurance Proceeds Included in Company’s Estate Tax Valuation and 6 more topics! Nichols Tax Update Issue 21-39
Divorce-Related Property Transfers Are Tax Free The IRS ruled that an annuity payment arrangement includes nontaxable transfers between former spouses that are incident to divorce under section 1041 and [...]
Genuine Learning Blog – Ethics Revised Exposure draft: Unpaid Fees
The AICPA's Professional Ethics Executive Committee (PEEC) has issued a proposal to revise the rules around unpaid fees. The current rules use a one year period with no considerations [...]
Genuine Learning Blog – Ethics Exposure Draft: Accounting Standards Implementation Services
The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with implementing new accounting standards. The proposal identifies certain items [...]
SCACPA Launches Video Archive
SCACPA announces the launch of its Video Archive as part of its new CPA Resources Center. Have you ever wanted to hit "rewind" on a technology session or suffered [...]
Genuine Learning Blog – FASB Proposal: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those [...]
This week on Accountable: Mental Wellness in the Workplace, with Nikissia Craig, LCSW, CCTP
This week on Accountable: Mental Wellness in the Workplace, with Nikissia Craig, LCSW, CCTP In addition to being a SCACPA advisor on B&I topics, David Peters is an acclaimed [...]
Genuine Learning Blog: IFR4NPO Consultation Paper – Part 2
This week's blog addresses part 2 of the IFR4NPO Consultation Paper. The second part of the paper focuses on NFP Specific Financial Reporting Issues. The project is looking for [...]
Genuine Learning Blog: AICPA Survey on New CPA Exam
The AICPA is in the process of updating the CPA exam and is looking for CPAs to give them feedback as to whether their plan meets the needs of [...]
Genuine Learning Blog: AICPA Fraud Risk Frameworks: Have you seen an increase in fraud during the pandemic?
The AICPA has provided a Fraud Risk Framework document to help CPAs and their clients visual the types of fraud in 3 major sectors. The one pagers help put [...]
This week on Accountable: Hiring During the Great Resignation, with TalentSource360 Managing Partner Corey Edmonds
This week on Accountable: Hiring During the Great Resignation, with TalentSource360 Managing Partner Corey Edmonds. In addition to being a SCACPA advisor on B&I topics, David Peters is an [...]
Genuine Learning Blog: TQA for New COVID19 Funds
The AICPA has issued a TQA addressing questions about how for profit and nonprofit entities account for the new restaurant revitalization and shuttered venue grants that have been received [...]
SINGLE AUDIT CONSIDERATIONS- Pandemic relief assistance makes many entities subject for the first time. Are they aware? Are they ready?
Single Audit Considerations Melisa Galasso In response to the devastating effect of the global pandemic on the US economy, Congress passed several laws (the CARES Act, CAA and ARPA) [...]
Genuine Learning Blog – GASB: Re-exposure Notes to Financial Statements
Governmental Accounting Standards Board (GASB) issued a REVISED exposure draft regarding Notes to the Financial Statements. This is in preparation for a Concept Statement that helps determine what is [...]
Genuine Learning Blog: GASB ED: Omnibus 20XX – GASB has issued a proposed Omnibus Exposure Draft.
GASB has issued a proposed Omnibus Exposure Draft. The ED addresses implementation issues for leases, PPP and SBITA as well as targeted accounting guidance. It also addresses the delay in [...]
Genuine Learning Blog: FASB’s Agenda Consultation – Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here’s your chance.
Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here's your chance. Today, Financial Accounting Standards Board (FASB) issued its Invitation [...]
EDUCATION UPDATE: YOUR VOICE MATTERS! New features for you to give feedback and help us respond to your needs.
EDUCATION UPDATE: YOUR VOICE MATTERS! We’ve added features to our CPE and learning tools to make it easier for you to give feedback and help us respond to your [...]
Galasso Learning Solutions: Q2 in Review – It’s time to wrap up the second quarter of 2021.
It's time to wrap up the second quarter of 2021. The quarter was pretty slow for issuances of final standards. In this blog, we'll give an executive overview of [...]
This week on Accountable: Why negotiating with insurance brokers doesn’t need to leave CFOs and HR Reps at odds.
This week on Accountable: Why negotiating with insurance brokers doesn't need to leave CFOs and HR Reps at odds. In addition to being a SCACPA advisor on B&I topics, [...]
Help Shape SCACPA’s CPE Offerings! Want to help influence our CPE offerings? Our CPE Committee is asking for your input as we build CPE by CPAs for CPAs.
Help Shape SCACPA’s CPE Offerings! Want to help influence our CPE offerings? Our CPE Committee is asking for your input as we build CPE by CPAs for CPAs. Each [...]
Galasso Learning Solutions: CPA Evolution Curriculum Update – The AICPA and NASBA have issued information about the changes coming to the CPA exam.
The AICPA and NASBA have issued information about the changes coming to the CPA exam. They have released the new model curriculum which provides insight into the 3 [...]
Genuine Learning Blog: GASB ED – Accounting Changes and Error Corrections
GASB has issued an exposure draft, Accounting Changes and Error Corrections. It is an amendment of GASB Statement No. 62 and updates an area of accounting that hasn't seen much [...]
Lynn Nichols Federal Tax Update (June 7, 2021): “Indirect Methods” is a Fancy Term for “Bank Deposits,” Among 5 Topics
Spring Splash Reminder! SCACPA is offering more than 60 hours of livestream learning in May and June. There’s still time to register for Lynn Nichols’ informative livestream Tax sessions: Net Operating Losses [...]
The SCDOR is Offering FREE Livestream CPE Tax Courses Through June, Don’t Miss Out
SCACPA is proud to be a long-time partner with the SC Department of Revenue in promoting the SCDOR’s high-quality CPE learning. As the SCDOR continues to offer its 2021 [...]
Lynn Nichols Federal Tax Update (June 1, 2021): When Do I Have Income? An Old Question with New Twists, Among Several Topics
Spring Splash Reminder! SCACPA is offering more than 60 hours of livestream learning in May and June. There’s still time to register for Lynn Nichols’ informative livestream Tax sessions: Net Operating Losses [...]
Genuine Learning Blog: Executive Order on Climate-Related Financial Risk
Spring Splash Reminder! SCACPA is offering more than 60 hours of livestream learning in May and June. There’s still time to register for Melisa Galasso’s exciting A&A sessions: The New Auditor’s Report [...]
Lynn Nichols Federal Tax Update (May 24, 2021): Refunds of Tax On Unemployment Comp Set to Begin
Spring Splash Reminder! SCACPA is offering more than 60 hours of livestream learning in May and June. There’s still time to register for Lynn Nichols’ informative livestream Tax sessions: Net Operating Losses [...]