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Event Description

This course will look at the recent activities of FASB as well as the Auditing Standards Board and Accounting and Review Services Committee of the AICPA. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way. We’ll discuss the Audit Quality Initiative of the AICPA and take a look at some common audit issues.

Key focus areas include:

  • Recent accounting standard updates (ASUs)
  • Revenue recognition
  • Leases
  • Financial instruments
  • SAS 133
  • SSARS 24
  • AICPA Auditor’s Report
  • Enhancing audit quality initiative


Learning Objectives
• Discuss changes to U.S. GAAP, including changes specific to nonpublic business entities
• Describe the most important considerations for implementing new U.S. GAAP
• Explain changes to Statements on Auditing Standards (SASs) and other relevant attest-related activity

Discussion Leader

Melisa Galasso, CPA