This course will cover the ASUs issued during the year as well as those that will be effective in the near future. We’ll take a deep dive into how to prepare for the leases, revenue recognition, and financial instruments standards.Find out more
This course reviews accounting standards issued by the Government Accounting Standards Board (GASB) that have been recently issued as well as those that will be effective in the near future. In addition to reviewing the standards, we will also focus on implementation strategies and challenges. Finally, we will turn our attention to the future by discussing GASB’s current projects and exposure drafts.
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
- Financial instruments
- SAS 133
- SSARS 24
- AICPA Auditor’s Report
- Enhancing audit quality initiative
Governmental accounting is very unique. In this course, we will introduce the financial reporting basics for governments, including fund accounting and modified accrual accounting. We’ll discuss budgetary accounting and the use of encumbrances. We will review the rules on exchange and nonexchange transactions. We’ll also analyze the layouts of the fund financial statements as well as the government wide financial statements. The class will also cover the concept of component units. Finally, we close with a discussion on the concepts of Management Discussion & Analysis (MD&A) and other RSI that are specific to governmental entities.Find out more
A federal income tax update focused primarily on income tax reporting and calculation issues for preparation of 2019 returns. Topics are selected for their likely interest to CPAs who are responsible for assisting clients with preparing returns to report complex Federal income tax matters and to determine income tax liabilities of business enterprises and their owners.
• Tax compliance rules…do’s and don’t’s
• TCJA 2017 Guidance…Regulations, Revenue rulings, Notices, and Revenue Procedures
o New Forms
o Required supplemental information
o Simplified employee reporting of certain benefits
o Published IRS Guidance in FAQs, IRS’s own training materials and checklists
• Court decisions affecting Federal income tax compliance for all taxpayers
o Quick review of worker classification
o Employer provided meals and other fringe benefits
o Recordkeeping requirements
This course will cover the hot topics of 2019. We’ll look at the new auditor's report issued by the AICPA. We’ll cover implementation issues with revenue recognition and leases. We’ll also look at risk assessment common deficiencies. This course will cover what the standard setters are prioritizing.
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The AICPA has identified that one in ten audit firms are not compliant with the risk assessment standards. This course will discuss how to properly identify risks and assess risk under AU-C 315. We’ll then discuss how to respond to identify risks under AU-C 330. The course will focus on the audit risk model and focus on both inherent risk and internal controls.
What has our legislature done? What is happening with sales tax on e-commerce? What is
happening with Nexus issues? What new tax administration tools have been given to the DoR?
What is new in the world of sports? Has medical mentoring been taken to a new level?
Answers will be provided from legislation, cases, rulings, and personal experience. Key DoR
publications will be highlighted as excellent resource materials.
This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.
This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants.
This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.