What's Changing in A&A for Governmental Entities (2026/27)

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Instructor

Melisa
Galasso

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Melisa Galasso

Bio

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 earned the Association for Talent Development Master Trainer™ designation and is in the process of completing the rigorous requirements to become a Certified Professional in Learning & Performance (CPLP).

Melisa’s passion for instructional design is one of the differentiators that sets her apart from other CPE providers. She serves on the AICPA’s Technical Issues Committee, has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors.

She was honored as “40 under 40” — by CPA Practice Advisor — in 2017 and 2018, was 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.

This comprehensive course provides a timely update on key accounting and auditing developments affecting governmental entities, bringing together recent standard-setting, auditing, and compliance changes into a single, cohesive learning experience. Participants will begin with an update on major pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105, along with a high-level overview of active GASB exposure drafts and ongoing projects. Emphasis is placed on understanding how these changes affect governmental financial reporting, disclosures, and communication with stakeholders. The course then shifts to auditing developments, covering significant updates to the Yellow Book issued by the U.S. Government Accountability Office, including changes related to quality management, effective dates, and recent updates to the Green Book. Participants will also gain insight into the GAO's implementation delay and its implications for audit planning. Finally, the course addresses recent changes affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, recent Office of Management and Budget (OMB) memoranda, and reporting changes related to SAM.gov. Designed for auditors, preparers, and financial leaders working with governmental entities, this course helps participants understand how recent accounting and auditing changes intersect-and what to watch for as expectations continue to evolve. 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 the impact of recent GASB pronouncements on governmental financial reporting.
Identify new and updated disclosure and reporting requirements affecting governmental entities.
Recognize quality management, independence, and performance requirements under the Yellow Book.
Identify changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
Recall key developments from recent exposure drafts, implementation guidance, and regulatory updates affecting governmental audits.

Major Topics

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

Major pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105.
Overview of active GASB exposure drafts and ongoing projects.
Auditing developments, covering significant updates to the Yellow Book issued by the U.S. Government Accountability Office, including changes related to quality management, effective dates, and recent updates to the Green Book.

CPE Credits Available

4 CPE Credits

2: Accounting (Governmental)
2: Auditing (Governmental)

Things to Know About This Course

Course Level

Update

Professional Area of Focus

Prerequisites

Prior experience with governmental financial reporting and auditing

Advanced Preparation

None

Intended Audience

Auditors, preparers, and financial leaders working with governmental entities

Provider

CPA Crossings

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$ 149 149
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ASCPA Non-Member

$ 199 199

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