GASB Statement No. 105, Subsequent Events establishes authoritative guidance for evaluating and reporting subsequent events. Issued in December 2025, the Statement enhances consistency and decision-usefulness by clearly defining the subsequent events time frame, distinguishing between recognized and nonrecognized subsequent events, and specifying required note disclosures. The Statement is effective for fiscal years beginning after June 15, 2026, with earlier application encouraged.
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.
Alexandria Romero, CPA, is a seasoned professional with nearly two decades of expertise in governmental and nonprofit accounting. She plays a pivotal role in developing governmental training programs at Galasso Learning Solutions. Before joining the team, Alex honed her skills in various roles within the accounting field. Her engaging presentation style and passion for connecting with attendees have made her a sought-after educator, known for her ability to make complex topics accessible.
