Accounting & Auditing Update for Small Business Webinar

Oct 5
9:00 - 1:00 p.m.

Online

4-A&A
CPE Credits

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement this year, including changes to auditing accounting estimates and risk assessment. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation, you will be able to...

Recall ASUs impacting small businesses
Identify the impact of SAS 143 on audit engagements
Identify the changes to risk assessment as a result of SAS 145
Identify reporting options for small entities other than GAAP

Highlights

The major topics covered in this course include:

Private company ASUs effective this year
AICPA's FRF for SMEs

Registration

PICPA Member: $149
Nonmember: $199

More Information

Course No. GAMGAAU4

Level: Overview

Prerequisites: Prior experience with GAAP or GAAS

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Speaker(s)

Melisa Galasso

Melisa F. Galasso, CPA
Galasso Learning Solutions LLC

Melisa Galasso is the founder of Galasso Learning Solutions, LLC. She has nearly 15 years of experience in the accounting profession including in public accounting, education and industry. She specializes in creating custom training courses that promote genuine learning and drive improved outcomes. Melisa teaches courses in advanced technical accounting and auditing, including not for profit and governmental accounting, as well as courses dealing with essential professional and soft skills. Her goal is to customize each course to deliver exceptional return on investment by leaving each participant with actionable takeaways and clear means to apply what was learned. Melisa monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA). Melisa served as Past-President of the Board of NCACPA’s Charlotte Chapter and is Past-Chair of the A&A Committee for the NCACPA. She was appointed in 2016 to the AICPA’s Technical Issues Committee (TIC) which is responsible for monitoring the activities of the various accounting and attestation standard setting boards and submitting comments and recommendations during the due process phase.

She was recognized as a Super CPA by Virginia Business Magazine in 2007 and received the 2013 Women to Watch - Emerging Leader Award from the NCACPA and AICPA. She is also a graduate of the 2014 class of the AICPA’s Leadership Academy. In 2016, Melisa was honored as one of the 50 Most Influential Women by the Mecklenburg Times and received the Top 5 Under 35 Award from the VSCPA. She received a 5.0 Speaker award from the NCACPA in 2015 and 2016. In 2016, Melisa received the Don Farmer Award from the NCACPA for the highest combined average scores on knowledge, skills, and materials from participant evaluations for all courses taught in a technical area. In 2017 Melisa received the AICPA Outstanding Discussion Leader Award.

Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University. Melisa has also completed the Association for Talent Development (ATD) Master Trainer™ Program.

2/2018

Subscribe to PICPA's personalized e-newsletter to receive news and events that interest you.