Get a fast-paced broad-based overview of the profession today and the
major issues and challenges it faces. Understand how to implement new
reporting standards in areas such as comprehensive income, goodwill and
intangibles impairment, and pension plan disclosures. Appreciate how
FASB’s new approach to revenue recognition will affect statement
preparation, presentation and performance metrics. Understand the new
financial reporting choices available to companies involving Big GAAP –
Little GAAP and AICPA’s SME framework. Receive an update on recent
developments in compilation and review including engagement driven
compilations and assembly engagements. Become aware of recent FASB
standards and how they will affect your clients. Become familiar with
the recently clarified ASB standards and their effects on audit
practice. Receive an update on current and proposed standards involving
EITF, FASB, PCAOB, ASB and IASB.