Accounting and Auditing Current Developments (Accounting Update) Part 2
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
Provider
Business Learning Institute
Course Level
Update
CPE Field of Study
Auditing
4
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
Instructor(s)
Ray Thompson William Engelbret
Prerequisites
Prior learning or experience in accounting and auditing
