Webcast: 2025 Accounting and Auditing Update for Small Businesses
160 | Webcast | Update | Scheduled
Description
This update course focuses on the accounting and auditing changes that matter most to small businesses. We'll begin with an overview of the FASB's Accounting Standards Updates (ASUs) most likely to impact small business entities, followed by insights from the 2024 Private Company Council (PCC) Review and FASB's Invitation to Comment - Agenda Consultation, which will guide future standard-setting initiatives relevant to small businesses. Next, we'll explore alternative financial reporting frameworks that may offer practical solutions for small businesses seeking options beyond U.S. GAAP. Finally, we'll shift to the auditing perspective, examining the new quality management standards that practitioners providing attest services, including compilations for small business clients, must implement. This session equips you with the insights and tools needed to navigate the evolving landscape of small business accounting and auditing with confidence.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Auditing |
| 2.00 | Accounting |
Prerequisites
Prior experience with GAAP and GAAS
Objectives
Upon completing this course, a learner will be able to:
- Recall the impact of recently issued accounting standards on private company financial reporting
- Recall the changes made to PCC processes as a result of the 2024 PCC Review
- Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation
- Recognize alternative financial reporting options for private entities
- Identify the components of quality management
Prices
- Member (Early Bird)
- $159.00
- Non-Member (Early Bird)
- $219.00
- Member
- $159.00
- Non-Member
- $219.00
Instructors
Melisa F. Galasso, CPA
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Within the industry, Melisa serves on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee. Melisa also authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
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