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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Genuine Learning Blog: Proposed Ethics Changes for SSAE Engagements
The AICPA's PEEC has proposed targeted changes to the independence rules for SSAE engagements. By updating terminology ...
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Genuine Learning Blog: Standards for Internal Control in the Federal Government – “Green Book”
This 2025 update to the Standards for Internal Control in the Federal Government replaces the 2014 version and includes key ...
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Genuine Learning Blog: FASB Staff Educational Paper – Retainage for Construction Contractors
The FASB staff just released an Educational Paper on Retainage under Topic 606—clarifying how to present and disclose retainage in construction contracts ...
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Genuine Learning Blog: 2024 FAF & PCC Annual Reports
On March 14, 2025, the ASB released its Proposed Strategic Plan for 2026-2030. Based on the success of the ASB’s 2021−2025 ...
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