A&A Today: Presented by the WSCPA and Galasso Learning Solutions

FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities. Join Melisa Galasso for this A&A Today update on the proposed ASU. The proposal clarifies that a contractual restriction on the sale of these securities is not considered part of the unit of account of the equity security, which means it does not impact the measurement of fair value. Comments are due by November 14, 2021. Do you believe this proposal will reduce diversity in practice?

To learn more about important accounting and auditing developments, join us for an upcoming CPE program with Melisa Galasso.

WSCPA is excited to partner with Galasso Learning Solutions to provide A&A Today, real-time A&A updates and answers. Check the WSCPA blog often for new episodes or subscribe on YouTube.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.