In this episode, Melisa Galasso breaks down GASB’s discussion memo on the structure of GAAP for state and local governments. Learn how potential changes could streamline your research and impact authoritative guidance.
- Key differences between FASB and GASB’s approach to authoritative guidance
- The challenge of dual authority with statements and codification
- Stakeholder survey results on current usage and preferences
- Details of the proposed single authority codification model
- How you can provide feedback to GASB before the August 31st deadline
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Do you agree with the movement to a single authoritative source of government GAAP?
