Now available: purchase a #MarylandCPAProud face mask and support the MACPA Educational Foundation! BUY NOW

Accounting and Auditing Current Developments (Accounting Update)


Get a fast-paced, broad-based overview of the profession today and the major issues and challenges the profession faces. New developments in the area of accounting and auditing will be highlighted with updated coverage on the most recently issued official pronouncements. The course will highlight issues faced by private companies and the CPAs who provide a range of services to them.

**This course is divided into two four-hour segments. Part 1 will be held on Tuesday, January 12, 2021, starting at 12:00 pm and ending by 4:00 pm. Part 2 will be held on Wednesday, January 13, 2021, starting at 8:00 am and ending by 12:00 pm.




Learning Objectives
  • Prepare to implement the revenue recognition standard and understand how it may change recognition, documentation and disclosure for your company or clients
  • Obtain and utilize a progress report on standards affecting revenue recognition, leases, and financial instruments
  • Understand the accountants compliance and reporting responsibilities for data breaches
  • Understand the impact of Peer Review program changes on your practice
  • Receive an implementation update on SSARS 21, and the preparation of (plain paper) engagements
  • Recognize recent FASB standards and how they will affect your company or clients.
  • Identify current and proposed standards involving EITF, FASB, PCAOB, ASB, and IASB.
  • Understand how data analytics will transform the accounting profession.
Major Topics
  • Economics, business and reporting risk in today’s economy
  • Implementing the revenue recognition standard
  • Cybersecurity: compliance and reporting issues
  • Recent accounting standards, cash flow, not for profits and financial instruments.
  • Financial reporting consequences of the Tax Cuts and Jobs Act.
  • Recent FASB pronouncements
  • FASB’s simplification projects
  • SSARS Update: 21: Preparation, compilation and review update
  • ASB standards
  • The impact of deregulation on compliance & reporting
Maryland Association of CPAs
Course Level
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Who Should Attend

Accountants in public practice and industry who need a comprehensive review of recent accounting and auditing pronouncements and other developments which will affect them in the coming year

Ray Thompson

Prior learning or experience in accounting and auditing

Advanced Preparation


Event Information
January 12 - 13, 2021
12:00 pm - 12:00 pm EDT
Total CPE Credits
Webcast Replay


DAY 1 of 2 January 12, 2021
4 CREDITS 12:00 pm - 4:00 pm
Part 1
DAY 2 of 2 January 13, 2021
4 CREDITS 8:00 am - 11:30 am
Part 2


$ (% off)


$ (% off)
Become A Member

Register for this Event

Accounting and Auditing Current Developments (Accounting Update)

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now