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Overview

8.0 Credits
ONLINE

Receive a practical overview of the most important issues facing entities and accountants. Review the basis behind significant issues and trends in plain language, enabling professionals to understand the most important aspects of relevant technical and professional standards and why any planned or potential changes are coming down the pike.

Objectives

• Identify “hot topics” in accounting and financial reporting
• Recall “plain language” explanations of current and emerging U.S. GAAP requirements
• Recognize how to manage risk associated with audit and nonaudit services and changing professional, technical, regulatory, or ethical requirements
• • List practical examples of responding to on-going and emerging risks relevant to accounting and finance professionals

Major Topics

• • The latest FASB standard-setting activity, including significant projects on the horizon
• Understanding the impact of current period changing accounting standards
• How to appropriately address on-going or emerging accounting and reporting issues due to the current environment
• Nonpublic entity alternatives within U.S. GAAP important to the current environment
• Recent quality improvements to the SASs and SSARs
• When to apply the latest attestation standards contained in SSAEs
• Current fraud trends in today’s business environment, including cybersecurity risks
• Other matters that should be on your radar, such as ethics interpretations and quality management trends 

Prerequisite

 

Advanced Preparation

Basic knowledge of SASs and SSARSs
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