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Live Webcast Replay

Accounting & Auditing Update for Small Businesses

Total Credits: 4.2 including 3 Accounting - Technical, 1.2 Auditing- Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute
Melisa F. Galasso
Course Levels:
4.2 Hour
Product Type:
Live Webcast Replay
Access for 30 day(s) after program date.

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


In this course, we will look at the recent activities of the FASB, the Auditing Standards Board (ASB), and Accounting & Review Services Committee (ARSC) that impact small businesses. We will discuss the impact of the new standards and how you can prepare to implement them in a practical way. The course also includes a review of private company reporting alternatives including the AICPA’s Financial Reporting Framework for Small & Medium Entities (FRFSME) and IFRS for SMEs. We’ll close with a review of ethics interpretations impacting small businesses. This course is tailored to focus on topics primarily impacting smaller entities. It does not cover some of the more complex accounting requirements not commonly found in smaller entities.

Key Topics:
Private company ASUs effective this year
Ethics interpretations impacting small businesses

Learning Objectives:
• Identify accounting standards impacting small
business financial reporting
• Describe how audit standards will impact the audits of
small businesses
• Identify reporting options for small businesses

Basic Course Information

Learning Objectives
  • Identify accounting standards impacting small business financial reporting
  • Describe the changes to audit standards  that will impact the audits of small businesses
  • Recognize reporting options for small businesses.


Major Subjects
  • Small business accounting
  • Small business auditing
  • Recent activites of ASB & ARSC


Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products

Founder and CEO

Galasso Learning Solutions LLC

Melisa F. 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.


Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.  She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.  On a personal level, Melisa enjoys traveling, watching her daughter ride her horse, and spending quality time with family. She finds balance through yoga, is an avid reader, and frequents local performing arts shows. Melisa actively supports several causes that empower women.


Tue, Dec 21, 2021 - 01:00pm to 04:44pm CST
Thu, Jan 06, 2022 - 04:00pm to 07:44pm CST
Fri, Jan 28, 2022 - 02:00pm to 05:44pm CST
Fri, Feb 04, 2022 - 08:00am to 11:44am CST
Wed, Feb 16, 2022 - 12:00pm to 03:44pm CST
Mon, Mar 07, 2022 - 10:00am to 01:44pm CST
Wed, Mar 30, 2022 - 02:00pm to 05:44pm CDT
Sat, Apr 02, 2022 - 08:00am to 11:44am CDT
Mon, Apr 18, 2022 - 12:00pm to 03:44pm CDT
Fri, May 13, 2022 - 10:00am to 01:44pm CDT
Wed, May 25, 2022 - 02:00pm to 05:44pm CDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Professionals in the accounting industry.

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior Experience with US 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: 123


Mark P

"Good presentation. "

Nancy I

"Melisa is an excellent speaker and does a great job in presenting the content in a succinct and interesting manner. Thank you!"

Sharon V - Poulsbo, Washington

"Timely, and I appreciate the course materials."

Gary R - Lakeland, Florida


Adam K

"Melisa was wonderful."

Lalaine L

"Excellent presenter"

Yang H

"It is a very good class. Thanks!"


"Helpful. Thank you for the updates too!"

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