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.
Describe “hot topics” in accounting and financial reporting, including the impact of COVID-19
Explain how to manage risk associated with audit and nonaudit services
Discuss practical examples of implementing changing technical, professional and relevant regulatory requirements
The latest FASB standard-setting activity, including significant projects on the horizon
The impact of new revenue recognition, financial instruments, and lease accounting rules as it relates to entities not in specialized industries such as financial institutions and insurance
Recent revisions to generally accepted auditing standards, including PCAOB audit and reporting requirements
Frequently asked questions related to SSARSs financial statement preparation, compilation and review engagements
When to apply the latest attestation standards contained in SSAEs
Other matters that should be on your radar, such as the impact of COVID-19
Public and industry accountants at all levels interested in remaining current on professional, technical and relevant regulatory requirements
Knowledge of currently effective professional and technical standards
None
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