Stay up to date with the latest from the AICPA as Jaclyn Veno covers the new Technical Questions and Answers (TQA) covering the One Big Beautiful Bill Act and its impact on income tax reporting. This episode cuts through the confusion and gives you clear, actionable takeaways for your financial statements.
- Overview of the AICPA’s new TQA related to FASB ASC 740 and implications of OB3
- Clarification on when to recognize OB3 tax effects in interim financial reporting
- Examples of discrete items and annual effective tax rate (EAETR) items affected by OB3
- Guidance on new tax disclosures from ASU 2023-09 and how OB3 fits into reconciliation categories
- Tips for enhanced transparency in financial statements, including additional explanations for investors and stakeholders
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).
