In today’s ever-evolving regulatory landscape, maintaining relevance in the professionis crucial. Participants can stay up to date with the rapid developments in accountingand auditing through our comprehensive course. They'll delve into recentpronouncements, exposure drafts, and additional guidance pertinent to accounting,auditing, and review, compilation, and preparation engagements. This course will helpparticipants navigate the complexities of these developments and assist them inidentifying and implementing the latest standards and guidance from FASB, PCAOB,ARSC, and ASB.
Learning Objectives
Identify recently issued FASB Accounting Standards Updates (ASUs) that coverbroad and narrow issues. Determine the updates issued by FASB at the recommendation of the PCC. Recognize ongoing FASB projects. Identify unique challenges for audit engagements. Determine the key elements related to the auditor’s risk assessment and recentlyissued SASs. Distinguish key elements included in the recently issued Statements on QualityManagement Standards (SQMSs) and Statements on Standards for Accounting andReview Services (SSARSs) Identify best practices for performing analytical procedures in a reviewengagement.
Major Topics
Narrow-scope accounting standards updates FASB exposure drafts and projects Exposure drafts of new auditing standards Preparation, compilation, and review engagement updates
