Expert Insights
Stay Informed, Stay Inspired
Let us be your resource for professional excellence!
Elevate your journey with the Genuine Learning Newsletter.
- Stay informed, inspired, and at the forefront of the industry.
- Know what is happening in the ever-evolving A&A fields.
- Links to a handful of monthly must read articles.
- Never miss our exclusive video blogs.
Packaged with essential updates, insightful industry analyses, and a wealth of resources!
“Your newsletters are so good, and I’ve recommended them to several people. It is imperative that I stay aware of the new standards released and no one writes better summaries than what you provide.”
Catch-up on Past Issues
February 2025 Newsletter
February was an eventful month in the accounting world! PEEC revised guidance on Executive Recruiting, effective January 1, 2026, and clarified that 529 plan owners hold an indirect financial interest, effective May 31, 2025. GASB advanced key projects, including Going Concern, Revenue Recognition, and EFR taxonomy. The PCAOB withdrew its firm metrics proposal, while the ASB prepared new exposure drafts. AICPA and NASBA proposed a third CPA licensure pathway to address talent shortages. Meanwhile, FASB had a quiet month, with only one meeting on share-based consideration. Expect more developments ahead!
January 2025 Newsletter
The FASB had a busy start to 2025, issuing an Invitation to Comment (ITC) on January 3rd, inviting stakeholders to provide feedback on the Board’s future agenda by June 30, 2025. On January 6th, FASB released ASU 2025-01, clarifying guidance for non-calendar year-end entities regarding ASU 2024-03, and on January 22nd, issued an exposure draft proposing improvements to the FASB Codification. Meanwhile, the AICPA updated its digital assets practice aid in response to FASB’s ASU 2023-08, and the GASB held a quieter month, preparing for their February meeting.
December 2024 Newsletter
December was eventful for standard setters, with key updates from the FASB, AICPA, and GASB. The FASB proposed ASUs on credit loss measurement for private entities and environmental credit transactions, along with an ITC on intangible assets, soliciting feedback through mid-2025. The FAF reviewed the Private Company Council, suggesting improvements to agenda and recruitment processes. The AICPA issued a new guide on Business Combinations and updated ethics guidance on recruiting services and employment with attest clients. Lastly, Barry Melancon retires as AICPA president after 30 years, with Mark Koziel stepping in as CEO on January 1, 2025.