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.
GLS Annual Retreat
In this episode of the Genuine Learning Blog, Melisa Galasso shares highlights from GLS’s annual retreat in Myrtle Beach, where the team focused on strategic planning, exploring new tools, reviewing financials and content strategy, and preparing for upcoming changes like 2026 pricing and their 10th anniversary. The retreat balanced productive sessions with fun activities like bowling, beach walks, and dinners, helping the team set goals and recharge for the year ahead.
Federal Audit Clearinghouse Update
On August 28th, GSA’s Technology Transformation Services issued a request for comment on revisions to the Federal Audit Clearinghouse (FAC) data collection form. The FAC, which serves as the central repository for Single Audit submissions, plays a critical role in ensuring transparency, accountability, and accessibility of audit data. The proposed revisions are designed to improve clarity in reporting, strengthen fraud and abuse disclosures, and enhance overall data usability for auditors, federal agencies, and the public. Stakeholders are encouraged to review and provide feedback by October 27, 2025.
Q3 2025 in Review
The third quarter of 2025 was packed with action from the standard setters. This blog will review the major proposals and final standards issued by the FASB, AICPA and GASB. Be in the know on what’s changing!
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.
