Surgent's Monthly Accounting and Auditing Update

Description

From accounting for the impact of the COVID-19 pandemic, to understanding new AICPA and FASB pronouncements, 2020 is shaping up to be one of the most complex years in memory for the accounting profession. Add the impact of working in a virtual environment and other changes in our working relationships, and 2020 will likely be seen as unrivaled in the challenges that it presented to the profession. To keep up with these changes, you need to stay current on all aspects that are impacting accounting.

In this monthly A&A Update series, we'll address the key issues that all accountants either are or will be facing shortly. We'll review both newly issued standards as well as those effective for 2020 year end. In discussions with various subject matter experts, we'll review the expected impact of COVID-19 on revenue recognition and other areas of financial reporting as well as how to comply with professional standards in this changing environment. Lastly, we'll discuss other practice management and remote working issues that we'll need to overcome in the upcoming busy season. This update will be the one-stop shop that identifies the things you need to be successful over the next few months.

Highlights

• New professional standards issued by the FASB and AICPA
• Guidance on likely COVID-19–related accounting issues which you are likely to face
• Insights on best practices in managing new working environments
• Other topics of importance to all accounting practitioners

Objectives

• Identify new standard setting activities by the FASB and AICPA
• Review relevant guidance in COVID-19–related accounting topics
• Recall strategies for working effectively and for complying with professional standards in a changing work environment
• Identify key success factors for the upcoming busy season

Designed For

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