The GLS team loves sharing insights on what’s happening in the profession. Review some of our recent articles on important changes you need to be aware of to be successful. Reach out to us if you would be interested in having GLS author an article for your publication.
The Professional Ethics Executive Committee (PEEC) is a senior committee of the AICPA responsible for interpreting, enforcing, and revising the AICPA Code of Professional Conduct. The committee typically meets quarterly for two days, with part of each meeting dedicated to standard-setting activities, which are open to the public, and part focused on case investigations and enforcement matters, which are confidential.
New quality management standards from the American Institute of CPAs (AICPA) affect every firm with an accounting and auditing practice. Design and implementation of a system of quality management (QM) is required to be completed by Dec. 15, 2025, with an evaluation...
The issuance of new ASUs by the FASB is part of what makes the accounting profession so exciting! These ASUs are responsive to stakeholder feedback that the FASB has received over the years and ensure the Accounting Standards Codification stays relevant with an ever-changing world. In 2023, there were various ASUs that became effective and have impacted public, private, and not-for-profit entities.
Engagement Alternatives to Single Audits for For-Profit Entities Receiving Provider Relief Funds Link: https://www.scacpa.org/engagement-alternatives-to-single-audits-for-for-profit-entities-receiving-provider-relief-funds/Organization: South Carolina Association of...
For more than a decade, leases have been a hot topic in accounting. Although Topic 842 was required to be adopted by the end of 2022 for private entities and many nonprofits, there are still changes that are being made to the ASU 2016-02 with respect to leases between related parties under common control.
FOR NONPROFITS
Money Matters for Nonprofits demystifies financial statements and basic accounting, empowering nonprofit board members to better advise their organizations and make an even greater difference in the world.
Melisa F. 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.
Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. 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.
She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA’s Women’s Initiative Executive Committee (WIEC). She also serves as a Subject Matter Expert for the Center for Plain English Accounting. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors, and is a past Chair of the NCACPA’s A&A committee. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.
Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, is a 2020 Enterprising Women of the Year Award recipient, and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018, and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
