Accounting and Auditing Update for Small Businesses

Description

Designed specifically for practitioners providing accounting and auditing services to small businesses, this course offers critical updates on recent developments in accounting, auditing, compilation, preparation, and review standards, as well as other professional guidance affecting small businesses and their auditors. The materials provided include practical applications of the topics covered, enhancing your ability to understand and apply the standards to real-life scenarios. Given the rapid pace of regulatory changes in today’s landscape, it is imperative to stay abreast of the current issues shaping the profession.

Highlights

  • Accounting standards updates, including an update on leases, financial instruments, and revenue recognition 
  • Latest activity from FASB, ASB, and ARSC
  • An update on audit and attest standards
  • Private company financial reporting
  • Types of small business audits

Objectives

When you complete this course, you will be able to:

  • Identify recently issued FASB, ASB, and ARSC guidance and standards that affect small businesses.
  • Identify key concepts related to exposure drafts and other projects in accounting and auditing.
  • Recognize the nuances of small business audits: who needs them and why.

Designed For

CPAs who require a review of recent accounting and auditing pronouncements

Leaders

Leah Donti

Leah Donti founded Advantage Montreal Seminars Inc. in 1991. Leah is an internationally recognized seminar leader in accounting and has been doing seminars full time since 1991 through her seminar business. She conducts in-house training at CPA firms as well as various companies in the USA and Canada. In addition, she speaks at numerous conferences every year across North America. She speaks on ASPE, FASB update, IFRS, corporate tax, personal tax, variable interest entities, accounting and auditing update, revenue recognition, stock options, business combinations, compilation and review, Sarbanes-Oxley, and fair value accounting. She graduated from McGill University with a Bachelor of Commerce, in Accounting and Finance. She is a CPA, CMA. In addition, she holds an MBA degree from John Molson School of Business at Concordia University in Montreal. Upon graduation from McGill, she held positions in internal audit and cost accounting with Canadian Pacific - one of the largest companies in Canada, dual listed in Toronto and New York reporting in U.S. GAAP. Prior to beginning her seminar practice in 1991, Ms. Donti worked for DMR, a major information management consulting organization, where she provided training to offices across North America. She also worked with an accounting software firm offering accounting education courses to clients on-site. Leah's interest in IFRS began in November 1992 where she attended an international accounting conference in Dunedin, New Zealand and chose to learn IFRS starting then. In 1997, she began offering IFRS training. In 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018, Leah received the AICPA Outstanding Discussion Leader Award given by the American Institute of Certified Public Accountants (AICPA) for training excellence to the CPA profession. In 2012, the Ohio Society of CPAs introduced Leah in its Speaker Hall of Fame to highlight the expertise of those speakers that it regularly turns to for the latest information and insight on the topics driving the CPA profession.