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2025 Annual Update for Accountants & Auditors

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Webinar

6.00 Credits

Member Price $189.00

Non-Member Price $219.00

Overview

While the pace of FASB's standard-setting has slowed in recent years, the standards that have been issued will be impactful for many organizations. This course will begin with a review of standards effective in 2025 for public, private, and nonprofit organizations. From there, we'll explore upcoming standards, FASB exposure drafts, and ongoing projects to ensure you're prepared for what's next in financial reporting.

The second half of the course will shift focus to developments at the AICPA. From quality management to ethics standards and the talent pipeline, there's no shortage of activity. We'll start with a detailed look at the quality management standards effective this year and their impact on firms, including changes to the Peer Review Program. Next, we'll cover essential ethics standards and the latest SSARS updates. We'll also examine common deficiencies in employee benefit plan (EBP) audits and discuss the initiatives of the National Pipeline Advisory Group.
 

Highlights

  • Accounting Standards Updates
  • Auditing & Accounting
  • Yellowbook

Prerequisites

Prior experience with GAAP & GAAS

Designed For

Accounting Professionals

Objectives

  • Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting
  • Identify proposed changes to ethics requirements
  • Identify the components of quality management
  • Identify the impact of recently issued ethics interpretations on independence
  • Recall deficiencies identified by the DOL for EBP audits
  • Recognize changes to the peer review process
  • Identify the recommendations made by the NPAG to improve the accounting pipeline
  • Recall key projects of the Auditing Standards Board

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).

Leader(s):

Leader Bios

Melisa Galasso, Galasso Learning Solutions LLC

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.

Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.

Melisa serves as the Co-Chair of the NCACPA's A&A committee and as a Subject Matter Expert for the AICPA's Center for Plain English Accounting (CPEA). She has also served on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA's Women's Initiative Executive Committee (WIEC). She also previously served on the AICPA's Technical Issues Committee (TIC) and the VSCPA's Board of Directors. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.

Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, was a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017, 2018, and 2019. She was named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and has earned several other awards for public speaking and technical training.

Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.
She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

Melisa actively supports several causes that empower women. She is the Chair of the Advisory Board for Girls on the Run Greater Charlotte. In 2023, she was one of 31 women selected as part of Dress for Success Charlotte's Power Hour. She also serves as the Education Chair for the Board of Directors for NAWBO Charlotte.

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Non-Member Price $219.00

Member Price $189.00