Overview
This course is renowned for CPAs looking to get an update on standards from the FASB, SSARS and the AICPA private company audit standards. CPAs in industry and public practice want to understand the changes going live in 2024 in the areas of accounting, compilation, review and auditing. If you are in public practice, this course will help you and your team get ready for the upcoming busy season. If you are in industry, this course will help you get an appreciation of the big changes coming to your financial statements and what your auditors will be asking.
This is the GO-TO resource for public practitioners and financial statement preparers.
Objectives
- Apply the FASB updates going live this year
- Identify common issues impacting the Leases and Current Expected Credit Losses (CECL) standards
- Implement the auditing standards for private companies
- Understand the new quality management standards
- Discuss the new risk assessment standard
Major Topics
• FASB updates going live this year
• Common issues impacting Leases and Current Expected Credit Loss standards
• New Quality Management standards
• SSARS Compilation and Review Update
• Auditing Standards Update
• New Risk Assessment Standard
