Annual Accounting & Auditing Update Webcast Replay

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Overview

8 Credits
ONLINE

Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers all the relevant pronouncements, exposure drafts and other guidance recently issued in the accounting, auditing, review, and compilation arenas. Identify and apply recently issued FASB and ASB standards and guidance.

 

Objectives

This course is designed to provide accountants and auditors with the tools to offer their clients effective and efficient professional services.

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)
  • Issues 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

CPAs in audit practice and business management

Prerequisite

None
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