Objective
- Keep abreast of current private company standard setting activities of the PCC
- Review recently issued accounting and non-audit attestation pronouncements and hot topics
- Identify key accounting implications related to new ASUs and ASC Topics 842 and 606
- Understand new guidance applicable to auditing, SSARS and attest engagements
- Be aware of other important guidance affecting small and medium-sized business practitioners
Highlights
- Private company standard setting activities
- Small and medium-sized business-related ASUs
- Lease accounting update
- Lessons adopted from the adoption of Topic 606
- Going concern considerations related to COVID-19
- Special purpose frameworks -- Cash, modified cash, and tax basis
- Common small and medium-sized business financial statement errors and deficiencies
- Newly issued SSARS and SSAE standards
- SASs effective for 2021 year-end audits
Designed For
Practitioners at all levels who provide non-audit and non-attest services to small and medium-sized businesses desiring to remain up-to-date on recent pronouncements and other standard setter activities and professional guidancePrerequisite
Experience in accounting and auditingAdvanced Preparation
None