Gross Mendelsohn – A&A Update: Highlights of the Latest Accounting and Auditing Issues
Description
This course provides a practical overview of the most important issues facing most companies and their accountants. The focus is on explaining the basis behind major issues and trends in plain language, enabling professionals to understand the most important aspects of relevant standards and why any planned or potential changes are coming down the pike.
Learning Objectives
Describe “hot topics” in accounting and financial reporting
Explain how to manage risk associated with audit and nonaudit services
Discuss practical examples of implementing changing technical, professional and relevant regulatory requirements
Major Topics
When and why you should implement the private company GAAP alternatives
The latest FASB standard-setting activity, including significant projects on the horizon
Preparing for implementing the new revenue recognition model
Understanding impact of changing lease accounting
The impact of new financial instruments accounting rules as it relates to entities not in specialized industries such as financial institutions and insurance
Frequently asked questions related to SSARS 21 financial statement preparation, compilation and review engagements
When to apply the latest attestation standards contained in SSAE No. 18
Mitigating risk associated with nonattestation services, including responding to requests for third party verification (comfort letters)
Recent revisions to generally accepted auditing standards, including PCAOB audit and reporting requirements
Highlights of COSO’s internal control and enterprise-wide risk management guidance
Current fraud trends in today’s business environment
Other matters that should be on your radar
Provider
Business Learning Institute
Course Level
Update
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
8
Who Should Attend
Public and industry accountants at all levels interested in remaining current on professional, technical and relevant regulatory requirements
Instructor(s)
Jennifer Louis
Prerequisites
Knowledge of currently effective professional and technical standards
