Webinar

Accounting and Auditing Update for Small Businesses

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For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

• Accounting Standards Updates (ASUs) that are most likely to impact small businesses
• ASUs initiated by the Private Company Council (PCC).
• Alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs
• Audit standards that small business auditors will need to implement.

Learning objectives

• Recall ASUs impacting small businesses
• Identify reporting options for small entities other than GAAP
• Recognize the changes to quality required of small firms

Who should take this program?

• Accountants in public practice or industry

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $149.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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