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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

Objectives

LEARNING OBJECTIVES When you complete this course you will be able to: Identify recently issued FASB standards and guidance. Recognize the effect of recently issued auditing and attestation standards. Identify key concepts related to exposure drafts and other projects in accounting and auditing.

Discussion Leader

Melisa Galasso, CPA