Designed for accounting and auditing 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, PCC, ASB and ARSC. Not only will this course bring you up-to-date on the requirements, it also provides you with many hands-on examples and illustrations to help you apply the guidance in practice. YouÂ’ll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and review update specifically covering the new SSARS No. 21, Clarification and Recodification, and recent auditing matters on the radar.

Major Topics:

  • Private company standard setting activities
  • Recently issued FASB Accounting Standards Updates
  • Revenue recognition
  • Leases
  • Recently issued SASs and proposed SASs
  • Summary review of the ARSC's Clarity Project
  • SSARS No. 21, Clarification and Recodification
  • Auditing matters on the radar

Learning Objectives:

  • Keep abreast of current private company standard setting activities of the PCC
  • Review and apply recently issued FASB, ASB, and ARSC pronouncements
  • Be aware of various standard setters’ agendas, technical plans, and project updates
  • Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
  • Be aware of auditing matters on the radar

Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard settersÂ’ activities
Level of Knowledge: Update
Prerequisite: Experience in accounting and auditing
Advanced Preparation: None
Credits: 8
Field of Study: Accounting(4), Auditing(4)
CFP Credit: No

Live Seminar Course Schedule