Overview 8.0 Credits ONLINE Look at the recent activities of FASB, covering standards effective in the current year and those that will be effective in the future. Discuss standards issued by the Auditing Standards Board impacting audit engagements and look at the impact of the new standards and how you can prepare to implement them practically.
Objectives Describe recently issued changes to US GAAP List ASUs coming down the pike Recall the impact of quality management on firms Identify changes to risk assessment in SAS 145
