Overview
Designed for accounting, auditing, and attestation practitioners at all levels in public accounting and business andindustry, this course provides a detailed review of the multitude of FASB and AICPA standards and reports issued over thepast few years, including a discussion of the FASB’s Stage 3 PIR report on ASC 606. It also provides an overview ofrecent PCAOB inspection report findings and SEC rulemaking activity. Through hands-on examples and illustrations, thiscourse will help you apply the guidance in practice. We further discuss other important A&A practice matters to be awareof, including an update on the quality management standards and soon-to-be-effective requirements for engagementquality reviews.
Objectives
- Recall and apply recently issued and proposed FASB and AICPA pronouncements
- Understand the key findings of the FASB’s PIR report covering revenue recognition in ASC 606
- Understand the main provisions of SASs No. 146 to No. 149
- Identify other important A&A practice matters to be aware of
- Understand the key findings in recent PCAOB inspection reports
- Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material
Prerequisite
Experience in accounting and attestation
