Self-Study

Surgent's Current Accounting and Attest Service Update for Practitioners with Small-Business Clients (SMBP)

  • Monday, May 1 – Sunday, December 31, 2017

  • 8
    CREDITS
    Accounting, Auditing

Specifically tailored for practitioners who do not perform audits, but provide other attest and non-attest services to small- and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small- and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the material in practice.

Objectives

  • Keep abreast of current private company standard setting activities of the PCC
  • Review recently issued accounting and non-audit attestation pronouncements
  • Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
  • Be aware of other important guidance affecting small- and medium-sized business practitioners

Highlights

  • Private company standard setting activities
  • Small- and medium-sized business related ASUs
  • Revenue recognition and leases update
  • Special purpose frameworks - Cash, modified cash, tax, and FRF for SMEsTM
  • Common small- and medium-sized business financial statement errors and deficiencies
  • SSARS No. 21, Clarification and Recodification, including the new preparation of financial statements non-attest service
  • Other types of small- and medium-sized business attest engagements - agreed-upon procedures, specified elements, financial forecasts and projections, and pro forma financial information
  • Comfort letters and other third-party verification
  • COSO's updated Internal Control-Integrated Framework
  • The AICPA's new Code of Professional Conduct

Additional Information

Designed For

Practitioners at all levels who provide non-audit and non-attest services to small- and medium-sized businesses desiring to remain up-to-date on recent pronouncements and other standard setters activities and professional guidance

Vendor

Surgent

Advanced Preparation

None

Prerequisite

Experience in accounting and auditing

Field of Study

Accounting, Auditing

Course Number

17SMBP-DN

Level of Knowledge

Update

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