Genuine Learning Blog: OMB Memo on Auditing
On June 23, OMB issued Memo M-25-30: Ensuring Accountability: How We Oversee, Audit, and Improve. It reinforces the. ...
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NANO Blog: ASU 2025-01 & ASU 2025-02
In Q1 of this year, the FASB issued ASU 2025-01 & ASU 2025-02. ASU 2025-01 amends the effective date of ASU 2024-03, ...
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Genuine Learning Blog: Presidential EO on Grants
On Aug. 7, the President issued an EO creating a review process for discretionary grants. ...
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Genuine Learning Blog: DRAFT 2025 Compliance Supplement
The draft of the 2025 Compliance Supplement has been released. Key proposed changes include updates to program. ...
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Genuine Learning Blog: AICPA Updates Quality Management Resources
On July 2, 2025, the ASB issued a Proposed SAS on fraud in an audit of financial statements ...
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Genuine Learning Blog: Public Sector Current Landscape & Future Recommendations
Government entities rely on strong accounting, auditing, and finance functions to ensure transparency and accountability ...
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Genuine Learning Blog: NASBA & AICPA Update Uniform Accountancy Act
NASBA and the AICPA have issued the 9th edition of the Uniform Accountancy Act which acts as a model piece of legislation ...
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Genuine Learning Blog: ASB Issues New Exposure Draft on Fraud
On July 2, 2025, the ASB issued a Proposed SAS on fraud in an audit of financial statements ...
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Genuine Learning Blog: Evaluating GAAP Choice
This report offers valuable insights into the factors that influence whether governments adopt GAAP or rely on alternative frameworks ...
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Genuine Learning Blog: Q2 2025 in Review
This week's blog covers the activity of the major standard setters in the second quarter of 2025 ...
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