Surgent's Annual Accounting and Auditing Update (ACAU)

Description

Did you know that ASC 606 is effective for ALL entities this year? If you or your clients are not up-to-speed, now is the time to get informed in order to avoid the year-end crunch! In addition to covering ASC 606 in-depth this course will also provide an update on the new 2018 ASUs in lease accounting and a walk-through of the new lease accounting model. Lastly, the course will cover the 2019 FASB guidance on leases, impairments (ASC 326) and NFPs that could impact your application of new standards, as well as the new auditing reporting standard and the peer review update.

Highlights

• Private company standard setting activities
• Recently issued FASB Accounting Standards Updates
• Revenue recognition
• Leases
• 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
• Audit quality issues
• Other important A&A practice matters

Objectives

• Keep abreast of current private company advocacy activities of the PCC
• Review and apply recently issued FASB, ASB, and ARSC pronouncements
• Be aware of various standard setters’ agendas, technical plans, and project updates
• Understand SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
• Recall common audit quality issues and concerns
• Be familiar with other important A&A practice matters you should be aware of
• Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Designed For

Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard setters' activities