Objective
- Recall and apply recently issued and proposed FASB and AICPA pronouncements
- Understand the key findings of the FASB’s PIR report covering revenue recognition in ASC 606
- Understand the main provisions of SASs No. 146 to No. 149
- Identify other important A&A practice matters to be aware of
- Understand the key findings in recent PCAOB inspection reports
- Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material
Highlights
- Recently issued but newly implemented Accounting Standards Updates (ASUs), the PCC Update, and items on the FASB’s Technical Agenda
- New ASUs covering disaggregated expenses, crypto assets (e.g., cryptocurrency), and business combinations
- Results and findings of the FASB’s Final (Stage 3) Post-Implementation Review (PIR) Report on Topic 606
- Recently issued SASs and other AICPA activity through SAS No. 149
- Detailed review of the three new Statement on Quality Management Standards (SQMS 1, SQMS 2, and SQMS 3)
- Other important A&A practice matters
Designed For
Accounting, auditing, and attestation practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activitiesPrerequisite
Experience in accounting and attestationAdvanced Preparation
None