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

The initial guidance for 529 plans was issued back in 2005. Since then, there have been significant changes to how plans are run. The AICPA's Professional Ethics Executive Committee had received feedback and in the Work Plan looked at reevaluating the area. In September 2022, they issued a technical correction to make the safeguard easier to apply for holders of 529 plan investments.

Do you think the technical correction goes far enough with respect to the changes to the safeguard?

To learn more about important accounting and auditing developments, join us for one of these upcoming CPE programs 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.