Accounting & Auditing Update for Small Businesses

Wednesday, September 29, 2021
Webcast or Webinar, Online
2:00 PM - 5:59 PM (opens at 1:30 PM) EST
4Credits
Accounting and Auditing

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
Course Type: Webcast
Course Code: 21/AC772773
Level: Update
Vendor: ACPEN
Field of Study: Auditing, Accounting

Overview:

In this course, we will look at the recent activities of the FASB, the Auditing Standards Board (ASB), and Accounting & Review Services Committee (ARSC) that impact small businesses. We will discuss the impact of the new standards and how you can prepare to implement them in a practical way. The course also includes a deep dive into private company reporting with a look at the Private Company Council as well as the AICPA Financial Reporting Framework for Small & Medium Entities (FRF-SME). This course, updated in 2020, is tailored to focus on topics primarily impacting smaller entities and thus it does not cover some of the more complex accounting requirements not commonly found in smaller entities.

Objectives:

  • Identify accounting standards impacting small business financial reporting
  • Describe the changes to audit standards  that will impact the audits of small businesses
  • Recognize reporting options for small businesses.

 

Major Topics:

  • Small business accounting
  • Small business auditing
  • Recent activites of ASB & ARSC

 

Designed For:

Professionals in the accounting industry.

Prerequisite:

Prior Experience with US GAAP or GAAS