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Live Webcast Replay

Accounting & Auditing Update

Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
Melisa F. Galasso
Course Levels:
4 Hour
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


This course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year.  We'll then switch gears and discuss the impact of the reporting suite (SAS 134-141) issued by the AICPA's Auditing Standards Board that will be effective this December.  This course provides a strong overview of the key standards that will be effective this year in order to help prepare you to implement them in an effective and practical way.

Basic Course Information

Learning Objectives
  • Describe recently issued changes to US GAAP
  • Define a lease under Topic 842
  • Prepare an audit report compliant with SAS 134 and 136

Major Subjects
  • Recently issued Accounting Standard Updates (ASUs)
  • Leases; Financial instruments
  • The new auditors report (SAS 134)
  • Employee Benefit Plan Audits (SAS 136)
  • Materiality


Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products

Founder and CEO

Galasso Learning Solutions LLC

Melisa 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 acconting and auditing topics, including not-for-profit and governmental accounting. 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. Within the industry, Melisa 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. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.



Mon, Dec 06, 2021 - 12:00pm to 03:52pm MST
Tue, Dec 21, 2021 - 08:00am to 11:52am MST
Wed, Jan 12, 2022 - 01:00pm to 04:52pm MST
Mon, Jan 31, 2022 - 07:00am to 10:52am MST
Tue, Feb 01, 2022 - 11:00am to 02:52pm MST
Fri, Feb 11, 2022 - 09:00am to 12:52pm MST
Thu, Mar 10, 2022 - 01:00pm to 04:52pm MST
Mon, Mar 28, 2022 - 07:00am to 10:52am MDT
Thu, Apr 14, 2022 - 05:00pm to 08:52pm MDT
Wed, Apr 27, 2022 - 09:00am to 12:52pm MDT
Fri, May 06, 2022 - 01:00pm to 04:52pm MDT
Wed, May 18, 2022 - 07:00am to 10:52am MDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For Accountants in public practice and industry.
Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog


Prerequisites Prior experience with GAAP or GAAS.    

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.6

Total Reviews: 152


Darin O

" "

Andrea B - Ocala, Florida

"Great presenter for a difficult area of practice. Melisa is definitely an A&A subject matter expert."

Lois R

"Melisa did an excellent job with the subject matter. "

Paul H - City, Maine

" "

Melanie R

"Melisa was so great! Very knowledgeable and a great speaker. Love seeing women instructors!"

Barbara J

"Thank you for providing the update"

Richard F

"Very clear sound"

James D

"Very organized, succinct and to the point"

Gallardo Anthony Eugene G

"Very well Presented"

Jose D - Miami, Florida

"Good information and also good speaker."

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