AAUP
ACCOUNTING AND REPORTING UPDATE FOR TAX PRACTITIONERS

Designed for all tax practitioners, this course will replenish your accounting and reporting tank with an update of recent standard setting activities at the PCC, FASB, ASB, and ARSC. And since for many tax practitioners, compilation and review engagements also make up a substantial part of their overall professional practice, this course reviews the authoritative standards and guidance for performing and reporting on compilation and review engagements found in SSARS No. 19, Compilation and Review Engagements. In addition, a compilation and review update specifically covering the new SSARS No. 21, Clarification and Recodification, will keep you in the know as to the critical changes that are coming in the near future for training your staff and managing your compilation and review practice services. The course utilizes plenty of hands-on examples and illustrations to increase your overall understanding and application of the material.

Major Topics:

  • Recent standard setting activities at the PCC, FASB, ASB, and ARSC
  • SSARS No. 19, Compilation and Review Engagements
  • SSARS No. 21, Clarification and Recodification

Learning Objectives:

  • Come up to speed on recent standard setting activities at the PCC, FASB, ASB, and ARSC
  • Be aware of the PCC and FASB's new Private Company Decision-Making Framework
  • Apply the authoritative standards and guidance for performing and reporting on compilation and review engagements found in SSARS No. 19, Compilation and Review Engagements
  • Understand the new SSARS No. 21, Clarification and Recodification, relating to the preparation of financial statements and new guidance on compilations and reviews

Designed For: All tax practitioners desiring to remain up-to-date on recent accounting, reporting, and compilation and review activities
Level of Knowledge: Update
Prerequisite: All tax practitioners desiring to remain up-to-date on recent accounting, reporting, and compilation and review activities
Advanced Preparation: None
Credits: 8