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Overview

4.0 Credits
ONLINE

In this course, we will look at the recent activities of the FASB, the Auditing Standards Board (ASB), and Accounting & Review Services Committee (ARSC) that impact small businesses. We will discuss the impact of the new standards and how you can prepare to implement them in a practical way. This course is tailored to focus on topics primarily impacting smaller entities. It does not cover some of the more complex accounting requirements not commonly found in smaller entities.

Objectives

  • Identify accounting standards impacting small business financial reporting
  • Describe how audit standards will impact the audits of small businesses
  • Recall the impact of QM on audit firms

    • Major Topics

  • Private company ASUs
  • Audit evidence
  • Quality Management

    • Designed For

    Ideal for accountants in public practice and industry

    Prerequisite

    Prior experience with US GAAP or GAAS

    Advanced Preparation

    None
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