This course provides a comprehensive review of recent standard setting activities of the FASB and AICPA. In addition to providing a status update on implementation of Topic 842, Leases, this course will bring you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice. In addition to a financial accounting update, the course will discuss what you will need to do differently as you adopt new audit standards 134-140 for your 2021 audits, including a detailed review of the new audit requirements related to audits of employee benefit plans which are found in SAS 136. The course will also cover the key changes accountants will need to implement as they adopt SSARS No. 25 on their upcoming review, compilation, and preparation engagements as well as focus on key aspects of audit quality, such as frequent peer review findings and what you can do to avoid them.
Apply the FASB and AICPA guidance on going concern accounting and reporting. Review and apply recently issued and proposed FASB and AICPA pronouncements. Understand SSARS No. 21 and related guidance relating to the preparation of financial statements and new guidance on compilations and reviews. Recall common audit quality issues and concerns. Utilize hands-on examples and illustrations to increase your overall understanding and application of the material.
Accounting and attestation practitioners at all levels in both public accounting and business and industry.
- Thomas Sheets
Non-Member Price $410.00
Member Price $310.00