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20WS-1001: Surgent's Annual Accounting and Auditing Update (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Wednesday, November 25, 2020
Time 8:00am - 4:00pm
Central Time
Location Online
CPE credits CPE 8.0
Field(s)
of study
Auditing - Technical (2.0)
Accounting - Technical (6.0)
Instructor Richard Daisley, CPA
Surgent
Fees
Standard Member Fee $259.00
Standard Nonmember Fee $259.00

Description

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard setting activities of the FASB and AICPA. In addition to providing a status update on Topic 606 implementation, this course will bring you up-to-date on recently issued FASB and AICPA standards. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice.

In the course, you will review all issued FASB ASUs which will become effective over the next few years, including a deeper dive into Topic 842, Leases and Topic 326 on Impairment. The course will also discuss best practices from the adoption of Topic 606 and ways to both sustain and improve the reporting of revenue going forward.

Next, we will discuss new and proposed AICPA standards related to auditor's report and other topics, proposed changes to the SSARS in order to comply with international standards and provide an update on peer review and other audit quality issues. Lastly, we'll cover other topics of interest to accountants in both industry and public accounting.

Who should take this program?

Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard setters' activities

Major subjects

  • Private company standard setting activities
  • Recently issued FASB Accounting Standards Updates
  • Leases -- Topic 842
  • Impairment -- Topic 326
  • Lessons learned from the adoption of Topic 606
  • Other items on the FASB's Technical Agenda
  • Recently issued SASs and other AICPA and PCAOB activity
  • SSARS No. 21, Clarification and Recodification and other recently issued and proposed SSARS
  • Peer review and other audit quality issues
  • Other important AandA practice matters

Learning objective(s)

  • Keep abreast of current private company advocacy activities of the PCC
  • 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
  • Be familiar with other important AandA practice matters you should be aware of
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Notes:

Course code Code 20WS-1001
Sponsor Surgent
NASBA ID#: 103212
Level Update
Format Group Internet Based
Prerequisites Prereq. Experience in accounting and attestation
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.