2025 A&A Update With Technology Implementation WEBINAR
Overview
Stay informed and prepared with this comprehensive annual update on the latest developments in accounting and auditing. We’ll begin with a deep dive into the Accounting Standards Updates (ASUs) effective in 2025, followed by insights from the FAF’s 2024 PCC Review and an overview of FASB’s Invitation to Comment - Agenda Consultation, which will shape the future of accounting standards. On the auditing side, we’ll tackle the essential changes in quality management standards that firms must implement by the end of 2025. The session will also highlight common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB). Join us to gain practical insights and actionable takeaways to navigate these updates with confidence. Finally, we will close the course by exploring the audit technology adoption process to help transform resistance into resilience as the industry embraces new technologies. We will learn how to overcome common barriers to deliver a successful implementation.
Highlights
Deep dive into the Accounting Standards Updates (ASUs) effective in 2025. Insights from the FAF’s 2024 PCC Review. Overview of FASB’s Invitation to Comment - Agenda Consultation. The essential changes in quality management standards that firms must implement by the end of 2025. Common deficiencies identified by the DOL in Employee Benefit Plan engagements and provide a peek at upcoming projects from the ASB.
Prerequisites
Prior experience with GAAP and GAAS.
Designed For
Accountants and auditors.
Objectives
Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting. Recall the changes made to PCC processes as a result of the 2024 PCC Review. Identify potential topics identified by advisory groups in the FASB’s ITC agenda consultation. Identify the components of quality management. Recall deficiencies identified by the DOL for EBP audits. Recall key projects of the Auditing Standards Board.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions LLC
4.52 stars out of 5
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 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. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is 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. She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors. Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training. Get real-time A&A updates and answers from Melisa Galasso via the WSCPA’s A&A Today videos on YouTube!Non-Member Price $199.00
Member Price $149.00