Dec 19, 2025 | Newsletter
In November, the standard-setting world stayed busy: the FAF announced new trustees and appointed Catherine Shakespeare to the FASB, which also issued two final ASUs and held multiple meetings on topics from equity method updates to digital assets. GASB advanced its Revenue and Expense Recognition project with decisions on non-monetary consideration and valuation of donated assets. The Auditing Standards Board met to refine its strategy, while PEEC tackled a wide slate of ethics topics, including alternative practice structures, AI, and group audits. Meanwhile, HHS issued its updates to Uniform Guidance, and OMB finally released the 2025 Compliance Supplement—so far showing no material changes from the draft.
Dec 8, 2025 | Accounting, Auditing, Ethics, Genuine Learning
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.
Dec 3, 2025 | Newsletter
In November, the standard-setting world stayed busy: the FAF announced new trustees and appointed Catherine Shakespeare to the FASB, which also issued two final ASUs and held multiple meetings on topics from equity method updates to digital assets. GASB advanced its Revenue and Expense Recognition project with decisions on non-monetary consideration and valuation of donated assets. The Auditing Standards Board met to refine its strategy, while PEEC tackled a wide slate of ethics topics, including alternative practice structures, AI, and group audits. Meanwhile, HHS issued its updates to Uniform Guidance, and OMB finally released the 2025 Compliance Supplement—so far showing no material changes from the draft.
Nov 2, 2025 | Newsletter
Happy Halloween! This month, the FASB met four times, covering topics from not-for-profits and leases to digital assets, with no proposals currently out for comment but six ASUs expected by year-end. GASB and GASAC discussed revenue recognition, infrastructure reporting, and emerging issues like environmental credits, while the FAF introduced new leadership and educational initiatives. The ASB will meet next week on confirmations, sustainability attestation, and its 2026–2030 plan; the ARSC met October 30 on AT-C Section 210. PEEC issued no new guidance but meets November 4–5, and the 2025 Compliance Supplement remains delayed due to the government shutdown.
Oct 30, 2025 | Accounting, Auditing, Genuine Learning, Government, Non-Profit
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.
