July 2, 2025

Webinar

4 CPE

Webinar (CPA Crossings): 2025 Accounting & Auditing Update for Small Businesses🗓️

July 2, 2025
Webinar
4 CPE

Webinar (CPA Crossings): 2025 Accounting & Auditing Update for Small Businesses🗓️

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    Instructor

    Melisa
    Galasso

    View Bio

    Melisa Galasso, CPA

    Bio

    Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 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. 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), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee.  In addition, Melisa authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

    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, 2018, and 2019. 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.

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 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 reporting options for small entities other than GAAP.
  • Recognize the changes to quality required of small firms.

Major Topics

The major topics that will be covered in this course include:

  • Accounting Standards Updates (ASUs) that are most likely to impact small businesses.
  • ASUs initiated by the Private Company Council (PCC).
  • Alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs.
  • Audit standards that small business auditors will need to implement.

CPE Credits Available

4 CPE
2
Accounting
2
Auditing

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Accounting & Auditing
  • Small Business

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Accountants in public practice or industry

Provider

CPA Crossings, LLC

This event has ended.