In December 2025, the FASB issued ASU 2025-12: Codification Improvements. This ASU focused on updating the FASB Accounting Standards Codification for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.
The ASU is issued as part of the Board’s standing technical agenda project to address suggestions received from stakeholders on the FASB Accounting Standards Codification and to make other incremental improvements to generally accepted accounting principles (GAAP). The resulting amendments are collectively referred to as Codification improvements.
The amendments in the ASU, which addresses 33 issues, affect a wide variety of Topics in the Codification and apply to all reporting entities within the scope of the affected accounting guidance.
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.
Jaclyn Veno, CPA, holds both a bachelor’s and a master’s degree in accounting from Clemson University. Before joining Galasso Learning Solutions, she held previous positions in auditing with two top 10 CPA firms. Jaclyn has extensive experience developing both staff and interns including working with overseas staff. She holds certificates in adult learning, instructional design, and training & facilitation as well as virtual learning theory from the Association for Talent Development (ATD).
