Overview
Maintaining relevance in the profession is crucial in today's ever-evolving regulatory landscape. Stay up to date with the rapid developments in accounting and auditing. Delve into recent pronouncements, exposure drafts and additional guidance pertinent to accounting, auditing, review, compilation and preparation engagements. Allow us to help you navigate the complexities, assisting you in identifying and implementing the latest standards and guidance from FASB, PCAOB, ARSC, and ASB.
Objectives
- Identify recently issued FASB Accounting Standards Updates (ASUs) that cover broad and narrow issues.
- Identify the objectives and working plan of the Private Company Council (PCC).
- Determine the updates issued by FASB at the recommendation of the PCC.
- Recognize ongoing FASB projects.
- Determine the key elements related to the auditor's risk assessment and recently issued SASS.
- Distinguish key elements included in the recently issued Statements on Quality Management Standards (SQMSs) and Statements on Standards for Accounting and Review Services (SSARSs).
- Identify best practices for performing analytical procedures in a review engagement.
Major Topics
• Narrow-scope accounting standards updates
• Financial instruments and leases
• FASB exposure drafts and projects
• Exposure drafts of new auditing standards
• Preparation, compilation, and review engagement updates
Prerequisite
Experience with operational or supervisory responsibilities, or both.
