What Is NASBA’s Latest ITC About?
Discover the latest updates from NASBA on alternative practice structures and private equity in CPA firms with GLS’s Genuine Learning Blog. Jaclyn Veno breaks down NASBA’s new Invitation to Comment, exploring key topics like independence, disclosure, and regulatory oversight for Boards of Accountancy. Stay informed and ahead with practical insights for CPAs and firm leaders.
FASB’s Post-Implementation Review of Leases (Topic 842)
Explore FASB’s post-implementation review of the Leases (Topic 842) standard with Melisa Galasso in this Genuine Learning Blog episode. Get insights on the impact, benefits, and ongoing costs of lease accounting changes for public and private entities, and discover lessons learned to improve future standard setting.
Quality Management & Ethics: Breaking Down the AICPA’s Latest Code Revisions
Dive into the latest updates from the AICPA with Galasso Learning Solutions! In this episode, Alex Romero breaks down the recent revisions to the Professional Code of Ethics, focusing on how terminology changes will align the standards with modern quality management practices. Learn what’s new, what’s staying the same, and how these updates impact your firm’s compliance—just in time for the December 15, 2025 deadline. Perfect for CPAs and audit professionals seeking clear, actionable insights on quality management and ethics.
What’s Changing in CPE? NASBA’s Proposed Standards Explained
Stay ahead of the curve with insights on NASBA’s proposed CPE standards revisions. Frank Galasso from Galasso Learning Solutions breaks down key changes, what they mean for CPAs and CPE providers, and how to prepare for the future of continuing professional education. Discover how updated principles, flexible credit increments, and new engagement requirements are shaping quality CPE.
Tax Advisory Work & Independence – Take 2
In this episode of the Genuine Learning Blog, Melisa Galasso breaks down the newly revised interpretation of tax advisory services and independence from the AICPA. Following public feedback, PEAK has shifted from a rigid “more likely than not” threshold to a more flexible, principles-based approach, allowing CPAs to use professional judgment based on facts and circumstances. Melisa Galasso also clarifies routine tax prep versus advisory services and highlights the importance of submitting comments by December 15, 2025, to help shape this evolving standard.
FASB Issues Exposure Draft on Paid-In-Kind Dividends
Stay up to date with GLS! In this episode, Jaclyn Veno breaks down the latest FASB exposure draft on paid-in-kind dividends for equity-classified preferred stock. Learn what paid-in-kind dividends are, why this new guidance is important, key details from the proposed amendment, and how the changes could impact your accounting practices. Perfect for CPAs seeking practical insights and timely updates on current FASB developments.
2025 AICPA Fall Council
Get the latest updates from the 2025 AICPA Fall Council meeting in Denver, Colorado. Alex Romero shares key takeaways and highlights from two days of industry discussions and future-focused initiatives, including insights from Mark Koziel’s “Rise to the Future Together” presentation on the profession’s future, overview of the Alliance for Responsible Licensing panel and multi-industry perspectives on licensure and deregulation, highlights from guest speaker Bill Stainton on connecting opportunities and career growth, updates on the Rise 2040 initiative and worldwide facilitation sessions, state and federal advocacy updates, workforce development trends, and new licensing pathways for CPAs.
AICPA Seeks Comment on Administrative Peer Review Proposal for Firms with PE Backing & Other APS
The AICPA has proposed updates to its peer review program, focusing on firms with private equity backing and alternative practice structures. Key changes include centralizing peer review administration under the AICPA’s National Peer Review Committee and updating reviewer qualifications for engagements under PCAOB standards, aiming to improve consistency and quality in oversight. Public comments on the proposal are due by October 25, with potential changes taking effect for reviews ending on or after December 31, 2025.
Disclaimer: The information contained within this blog is provided for informational purposes only. Viewing this material does not qualify for CPE credit. Additionally, this general knowledge is not intended to substitute for obtaining accounting, legal, or financial advice from a professional accountant with specific knowledge of your organization. Finally, watching this blog and/or subscribing to the newsletter do not create an accountant-client relationship.
