Accounting and Auditing Current Developments (111011-15)
Description
Participants will get 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.
Learn how to
implement recent simplified private company standards involving VIE
consolidation, goodwill & intangibles impairment, and interest rate
swaps.
Obtain a progress report on standards affecting revenue
recognition, leases, and financial instruments
Gain an understanding
of the new financial reporting choices available to companies, including
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
Understand which of the recently clarified ASB standards are affecting
audit practice
Receive an update on current and proposed standards
involving EITF, FASB, PCAOB, ASB, and IASB
