Accounting & Auditing Update (4 hour) Webcast Replay

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Overview

4 Credits
ONLINE

Learn about the new 2014 accounting and auditing professional standards and review selected standards from 2013. Participants will have the opportunity to ask questions they need answers to.

Objectives

Provide the participants with an update and review of new and selected revised professional A&A standards for 2014 and 2013

Note this course is also being broadcast live as a webcast.

Major Topics

  • FASB Update (includes Accounting Standards Codification and selected new pronouncements)
  • Update on the newly formed Private Company Council of the FASB and any releases
  • IASB and International Financial Reporting Standards (IFRS) status
  • Audit Update (includes update on Clarity Project and new SASs released from the Clarity Project including areas of documentation and plans for the move to International Auditing Standards) )
  • New Audit report for periods ending after 12-15-2012
  • Convergence IASB and International Audit Standards status
  • SSARS Update (includes SSARS 19, new engagement letters, new reports, and review representation letters specified in SSARS 15-19)
  • Isues regarding the Preparation of Financial Statements for CPAs from the AICPA
  • Issues regarding the new Financial Reporting Platform for SMEs from the AICPA
  • New Interpretations and an update on the international compilation and review standards
  • Further updates include: updates for new Quality Control Standards (SQCS 8) and its requirements; updates on status of “Mobility” issues combined with “Substantial Equivalency”
  • Updates on status of Peer Review and related regulatory problems and updates on changes in Florida Statutes and Florida Administrative Code for CPAs
  • Ethics Interpretation 101-3 will be explored for revisions and updates in attest/nonattest applications
  • Documentation standards will be reviewed for changes required by SAS 103, Audit Documentation, SSARS 19 Documentation and other required documentation
  • Any other matters deemed appropriate and timely and any questions that participants deem important

Designed For

Professionals in public practice, industry, government and education who deal with nonpublic entities

Prerequisite

None
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