Self-Study
Accounting, Audit, and Attest Update for Practitioners with Small-Business Clients
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Monday, May 1, 2023 – Tuesday, April 30, 2024
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8.00CREDITSAccounting, Auditing
Specifically tailored for practitioners who not only 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 and SSARS 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 new guidance.
Through a detailed review of the new lease accounting guidance, common special purpose frameworks, new guidance related to audits and SSARS engagements, and the soon-to-be-effected credit loss standard, this course will get you up to speed on the things that are most important to your smaller and medium-sized clients.
Objectives
- Keep abreast of current private company standard setting activities of the PCC
- Review recently issued accounting and non-audit attestation pronouncements and hot topics
- Identify key accounting implications related to new ASUs and ASC Topics 842 and 606
- Understand new guidance applicable to auditing, SSARS and attest engagements
- 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
- Lease accounting update
- Lessons adopted from the adoption of Topic 606
- Going concern considerations related to COVID-19
- Special purpose frameworks -- Cash, modified cash, and tax basis
- Common small and medium-sized business financial statement errors and deficiencies
- Newly issued SSARS and SSAE standards
- SASs effective for 2021 year-end audits