Participants will be provided with an overview of new developments in the area of accounting and auditing. Coverage will be updated to reflect the most recently issued official pronouncements. The course will highlight issues faced by private companies and the CPAs who provide a range of services to them.
Learning Objectives
Receive a fast-paced, broad-based overview of the profession today and the major issues and challenges the profession faces.
Prepare yourself to implement the revenue recognition standard and to understand how it may change recognition, documentation and disclosure for your company or clients.
Obtain a progress report on standards affecting revenue recognition, leases, and financial instruments.
Understand the accountants compliance and reporting responsibilities for data breaches.
Receive an implementation update on SSARS 21, and the preparation of (plain paper) engagements.
Become aware of recent FASB standards and how they will affect your company or clients.
Receive an update on current and proposed standards involving EITF, FASB, PCAOB, ASB, and IASB.
Major Topics
Economics, business and reporting risk in today’s economy
Implementing the revenue recognition standard
Cybersecurity: compliance and reporting issues
Recent accounting standards, cash flow, not for profits and financial instruments.
The impact of tightening peer review standards.
Recent FASB pronouncements
FASB’s simplification projects
SSARS Update: 21: Preparation, compilation and review update
ASB standards
Course Level
Update
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
4
Auditing
4
Who Should Attend
Accountants in public practice and industry who need a comprehensive review of recent accounting and auditing pronouncements and other developments which will affect them in the coming year.
