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Technical

Annual Update for Accountants and Auditors Logo aicpa

  Kurt Oestriecher, CPA and Mark Beasley, PhD, CPA |   $149.00 - 189.00 |   CPE: 9.0 |   AICPA |   Aug 2018 |   Auditing |   AICPA Store
Who Will Benefit?
  • CPAs who require a comprehensive review of recent accounting and auditing pronouncements
Key Topics
  • Accounting and attestation standards updates, with a focus on revenue recognition, financial instruments, and leases
  • Attest Clarity Project
  • ARSC Clarity Project
  • Private company financial reporting
  • Impact of the current environment on audit planning
Learning Objectives
  • Understand recently issued FASB standards and guidance.
  • Assess the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services.
  • Become familiar with exposure drafts and other projects in accounting, auditing, compilation, preparation, and review services.

Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive CPE course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, compilation, preparation, and review arenas. For revenue recognition, delaying implementation will likely end up in some companies accounting for revenues under two methods, depending on the adoption approach taken. In addition, companies may result in retroactively recalculating revenue once the new standard becomes effective.

In this course, we sort through the complexities and help you identify and apply recently issued FASB, PCAOB, and AICPA standards and guidance. With the rate of change in today's regulatory environment, it's challenging staying current on the topics affecting the profession. This course provides the information that is critical to your success and covers hot topics such as revenue recognition, leases, financial instruments, as well as intangible assets, consolidation, business combinations and statement of cash flows; Recently issued SAS Nos. 132 and 133 and recently issued auditing interpretations; recently proposed SSAE standards; Overview of SSARS No. 22 and SSARS No. 23.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Leases, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Leases, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Private company reporting, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Private company reporting, Intermediate
  • Assurance: Technical: Audit, Foundational
  • Assurance: Technical: Audit, Intermediate
  • Assurance: Technical: Review, Foundational
  • Assurance: Technical: Review, Intermediate
  • Assurance: Technical: Compilation, Foundational
  • Assurance: Technical: Compilation, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Financial instruments, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Financial instruments, Intermediate

Comments/Reflections