In today's ever-evolving regulatory landscape, maintaining relevance in the profession is crucial. You can stay up to date with the rapid developments in accounting and auditing through our comprehensive course. We delve into recent pronouncements, exposure drafts, and additional guidance pertinent to accounting, auditing, review, compilation, and preparation engagements. We'll navigate the complexities for you, assisting in identifying and implementing the latest standards and guidance from FASB, PCAOB, ARSC, and ASB.
Learning Objectives
- Identify recently issued FASB Accounting Standards Updates (ASUs) that cover broad and narrow issues.
- Identify the objectives and working plan of the Private Company Council (PCC).
- Determine the updates issued by FASB at the recommendation of the PCC.
- Recognize ongoing FASB projects.
- Determine the key elements related to the auditor's risk assessment and recently issued SASS.
- Distinguish key elements included in the recently issued Statements on Quality Management Standards (SQMSs) and Statements on Standards for Accounting and Review Services (SSARSs).
- Identify best practices for performing analytical procedures in a review engagement.
Major Topics
- Narrow-scope accounting standards updates
- Financial instruments and leases
- FASB exposure drafts and projects
- Exposure drafts of new auditing standards
- Preparation, compilation, and review engagement updates
