Event Description

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides an overview of recent FASB and AICPA activity, including recently issued and proposed Accounting Standards Updates (ASUs); the latest on the new lease accounting standard, Topic 842; other relevant ASUs. The course also reviews new auditing standards effective in 2021 and beyond and the latest on new standards related to SSARS engagements. The course will also discuss other important A&A practice matters you should be aware of, including an update on peer review and audit quality.

Designed For

Accounting practitioners and their staff performing and managing compilation, preparation, and review engagement services

Objectives

Review recently issued and proposed FASB Accounting Standards Updates     Review the FASB’s new lease accounting standard, Topic 842 and Topic 326 on impairments     Come up-to-date with matters on the FASB’s technical agenda     Understand SSARS No. 21, Clarification and Recodification, and other recently issued or proposed SSARS     Be familiar with new and proposed AICPA and PCAOB releases     Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Major Subjects

Recently issued FASB Accounting Standards Updates and PCC activity     Leases — Topic 842     Impairment — Topic 326     Lessons learned from the adoption of Topic 606     Other items on the FASB’s Technical Agenda     Recently issued SASs and other AICPA and PCAOB activity     SSARS No. 21, Clarification and Recodification, and other recently issued SSARS     Peer review and other audit quality issues     Other important A&A practice matters

Prerequisites

Experience in accounting and attestation